Total Nigeria Plc’s profit before tax for the half-year period ended June 30, 2014 fell by 12 per cent when compared with the corresponding period of 2013, its result for the period showed.

Total’s statement of comprehensive income showed that its PBT fell to N3.422bn in the half-year period under review from N3.903bn in the same period of last year.

The company’s result, obtained from the Nigerian Stock Exchange’s website, also showed that its profit after tax declined by 10 per cent to N2.178bn in the six months under review from the N2.409bn it declared for the corresponding period of 2013.

In the same vein, Total Nigeria’s basic earnings per share fell by 10 per cent to N6.41 in 2014 from N7.10 the previous year.

The company, however, achieved growth in its revenue and total current assets, the result showed.

Revenue rose by two per cent to N120.158bn in the review period from N117.295bn in the corresponding period of last year, while total current assets at N67.924bn indicated a rise of 21 per cent on the N56.123bn declared for the six-month period ended June 30, 2013.

Total Nigeria had announced revenue of N239.163bn for the 2013 financial year. According to it, profit before tax for the year was N8.120bn, while profit after tax was N5.334bn.