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Total Kenya FY20 Profit After Tax Rises 30% to Kshs 3,297 mn

Total Kenya Plc on Thursday reported a 30 per cent growth in consolidated profit after tax (PAT) of Kshs 3,297 million in 2020 compared to Ksh 2,535 million posted the previous year.

Webuye Total Petrol Station

Total Kenya Plc on Thursday reported a 30 per cent growth in consolidated profit after tax (PAT) of Kshs 3,297 million compared to Ksh 2,535 million posted the previous year.

The company attributed the impressive performance to the effective action plans put in place by the board and management from the start of the coronavirus pandemic. 

“They included; optimization of fuel stocks, diversification of revenues and prudent management of operating expenses,” it said in the financials.

Its asset base grew to Kshs 42.99 billion from Kshs 37.56 billion in 2019.

The Directors recommend payment of a first and final dividend per share of Sh 1.57 declared for the year ended 31 December 2020.

This will be Payable on or around 30th+ July 2021, subject to shareholders’ approval at the 67th Annual General Meeting to be held virtually on 25 June 2021.

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