TotalEnergies Marketing Kenya announces a 46.5% dividend increase, reaching Sh1.92 per share, totaling Sh336.1 million, reflecting increased profit in the fiscal year ending December 2023. This rise from the previous year’s Sh1.31 per share showcases the company’s commitment to rewarding shareholders amid positive financial performance.
With a 23.6% rise in net profit to Sh4.62 billion from Sh3.8 billion, TotalEnergies demonstrates strong growth, paving the way for enhanced shareholder returns. The proposed dividend will be paid around July 31 to shareholders registered as of June 27, emphasizing the company’s dedication to timely and transparent investor relations.
TotalEnergies reports a 17.4% growth in net revenue to Sh120.7 billion, indicating robust business performance. Despite operational challenges such as increased operating expenses, notably impacted by currency fluctuations, the company maintains a solid financial position and a strategic focus on growth.
Amid a challenging business environment characterized by global fuel price volatility, TotalEnergies reiterates its commitment to expanding its presence in Kenya. With a keen eye on renewable energy and sustainable solutions, the company aims to meet the rising demand for clean energy, positioning itself as a key player in Kenya’s energy sector.
