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[2008-04-29] High Cost of Sales Affects TOTAL’s Unaudited First Qtr Earnings For the first quarter ended March 2008, TOTAL recorded a turnover of GHC128.26mn representing an increase of 41.86% compared to the first quarter of 2007. Profit after tax for the period was GHC1.09mn, a decrease of 48.22% as compared to the same period in the previous year. The decrease was as a result of the 48.55% increase in cost of sales to GHC120.94mn. Source: