Total Q1 Profit Down 40% - Quick Facts

(RTTNews) - Total SA (TTA.L, TTFNF.PK, TOT) reported first-quarter net income - Group share of $1.61 billion, down 40 percent from $2.66 billion in the previous-year quarter. Earnings per share for the quarter were $0.67, down from $1.16 in the year-ago period.

Adjusted net income decreased 37 percent to $1.64 billion from $2.60 billion in the prior year. Adjusted earnings per share were $0.68, compared to $1.13 per share in the year-ago period.

Sales for the quarter declined 22 percent to $32.84 billion from $42.31 billion in the previous-year quarter.

The Board of Total has decided to propose a first-quarter interim dividend of 0.61 euros per share, payable in October 2016.

Total is continuing efforts to reduce its cash breakeven, and is targeting a level of organic investments of less than $19 billion in 2016.