WorldStage Newsonline-- Total Nigeria Plc Tuesday released its result for the first quarter ending March, 2012 and also the financial year ending December 2011on the floor of the Nigerian Stock Exchange, with turnover for Q1 up by 0.24 per cent from N40.861 billion in 2011 to N51.020 billion by March this year, while turnover for full year 2011 stood at N173.949 billion.

The company put its Profit Before Tax in first quarter at N1.873 billion, a growth of 16.1 per cent when compared with N1.613 billion recorded in first quarter of last year, while profit before tax for the full year ending December 2011 stood at N5.859 billion.

The statement further said that taxation in first quarter of this year increased by 15 per cent from N576.718 million in 2011 to N661.604 million this year, while taxation in the full year ending December 2011 stood at N2.045 billion.

It noted that the company’s Profit after Tax grew by 17 per cent to stand at N1.211 billion as against N1.036 billion recorded last year in first quarter ending March, while profit after tax in the full year 2011 stood at N3.813 billion.