By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Northern Nigeria Flour Mills Plc (NNFM) Monday reported a fall of -54.6 percent (-54-6%) in profit after tax (PAT) in its third quarter (Q3) report for the period ended December 31, 2013.

The firm in its result released to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to InvestAdvocate reported a PAT of N231.492 in its Q3 of 2013 compared to N509.881 million declared in the same period of 2012.

Similarly, NNFM recorded a profit before tax (PBT) of N310.310 million in the Q3 period of 2013 compared to N749.824 million in the corresponding period of 2012; indicating a fall in PBT of -58.6%.

Also, revenue declined from N8.805 billion in the Q3 of 2013 to N8.414 billion in the same period of 2012; showing a fall in revenue of -4.4%.