Total Kenya parent firm's profits surge as oil prices rise
French oil company Total said Thursday underlying profits gushed higher in the second quarter thanks to a recovery in the price of oil, with the company also benefitting from increased output.
The firm's measure of adjusted profits that excludes exceptional items climbed 14 per cent from the same period last year to $2.5 billion (about Sh260 billion).
That beat the consensus forecast of analysts surveyed by financial data.... Read more »
Posted on : Friday , 11th August 2017