TOTALENERGIES MARKETING NIGERIA : EARNINGFORCAST

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME

FOR THE QUARTER ENDING SEPTEMBER 2024

	Jul to Sep
	N'000
Revenue	212,361,887
Cost of sales	(185,302,792)
Gross profit	27,059,095
Other Income	1,092,622
Selling and distribution costs	(3,195,191)
Administrative expenses	(14,097,020)
Operating Profit	10,859,506
Finance income	950,000
Finance costs	(5,539,583)
Net Finance (Cost)/Income	(4,589,583)
Profit before taxation	6,269,923
Income tax expense	(2,131,774)
Profit for the period	4,138,149

Seye Samba - Executive Director

FRC/2021/003/00000024858

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF CASHFLOWS

FOR THE QUARTER ENDING SEPTEMBER 2024

	Jul to Sep
	N'000
Cash flows from operating activities
Cash receipts from customers	191,125,699
Cash paid to suppliers and employees	(166,772,513)
Cash generated from operations	24,353,185
Income taxes paid	(2,390,753)
Net cash provided by operating activities	21,962,433
Cash flows from investing activities
Purchase of fixed assets	(3,904,188)
Interest on loans and receivables	950,000
Proceeds from sale of Property, Plant and Equipments	148,220
Net cash provided by investing activities	(2,805,968)
Cash flows from financing activities
Interest paid on overdrafts	(5,539,583)
Borrowings Repaid	(40,000,000)
Dividends paid	(3,249,048)
Net cash provided by financing activities	(48,788,632)
Net (decrease)/increase in cash and cash equivalents	(29,632,167)
Cash and cash equivalents at 30th June	(64,547,106)
Cash and cash equivalents at 30th September	(94,179,273)

Operating cash flow before working capital change

9,396,452