Dangote Flour Reports N9.55 billion Loss in Q3 2015

By InvestAdvocate

Lagos (INVESTADVOCATE)-Dangote Flour Mills Plc said on Friday it made a loss of N9.55 billion in its 2015 nine months period ended June 30  compared to N6.28 billion reported in the same period of last year.

Similarly, profit after tax (PAT) moved from a negative N4.32 billion in the nine months period of 2014 to N9.11 billion in the review period of 2015; indicating a further loss of 110 percent.

However, revenue grew 15.2 percent to N33.10 billion from N28.73 billion recorded the same period of 2014, according to the company in a filing to the Nigerian Stock Exchange (NSE).

Shares of Dangote Flour declined 0.31 percent to N3.19 from N3.20 traded the previous session; losing 0.01 kobo per share at the end of Friday’s trading.

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