By InvestAdvocate

Lagos (INVESTADVOCATE)-Dangote Flour Mills Plc, owned by Africa’s richest man Aliko Dangote on Thursday posted a loss of N7.04 billion in the first half (H1) of 2015 ended March 31, 2015 from a negative of N4.74 billion recorded the same period of last year.

Similarly, profit after tax (PAT) declined 63.8 percent from a negative of N4.13 billion declared in the same period of 2014 to negative N6.78 billion posted in the review period of 2015.

However, revenue climbed up to N21.97 billion from N18.58 billion posted in the corresponding period of 2014, the company said in a filing with the Nigerian Stock Exchange (NSE).