Total Kenya via the release of its half year results for the year 2019, announced that its net sales achieved a 48 percent increase to arrive at 65.21 billion Kenyan Shillings.
The company’s gross profit, also saw a marginal increase of 1.6 percent from 4.08 billion Kenyan Shillings, to 4.14 billion Kenyan Shillings.
Total Kenya’s operating expenses saw an increase as well of 1.78 percent to go from 2.98 billion Kenyan Shillings in the previous half year period, to 3.03 billion Kenyan Shillings.
The company’s finance income, stood at 127.63 million Kenyan Shillings which is a 1.4 percent increase from the previous year.
The increase in finance income, was as a result of the positive cash position in the Kenyan shillings due to capital management which worked better.
Total Kenya’s profit before tax was reported to be 1.67 billion Kenyan Shillings, a 3.4 percent increase from the previous half year period.
The company’s profit after tax for the period was 1.11 billion Kenyan Shillings which is a 7 percent increase, compared to the previous half year period which was 1.04 billion Kenyan Shillings.
The increase was attributed to the positive contribution from an increase in sales, the company’s diversified revenues and its prudent management of operating expenses.
Total Kenya continues to invest in its convenient stores such as Bonjour shops, Total Quartz Auto service centres, as well as in its partnerships with third parties in the provision of their services.
The company made it known that it will continue to focus on providing innovative solutions and also maintaining safety standards, while further diversifying its numerous services.
