Results & Dividends

Flour Mills Reports N24.11 Billion Pretax Profit in Q2’15

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By InvestAdvocate

Lagos (INVESTADVOCATE)-Fast Consumer Moving Goods (FCMG) firm, Flour Mills of Nigeria Plc said last week its pretax profit for the half-year period ended September 30, 2015 grew 318 percent to N24.110 from N5.773 billion posted a year ago.

Also, profit after tax (PAT) increased 449.88 percent to N24.10 billion from N4.37 billion declared the same period of 2014.

Revenue grew from N165.54 billion to N177.58 billion in the review period of 2015; showing a growth of 7.27 percent, according to Flour Mills Nigeria in a filing with the Nigerian Stock Exchange (NSE).

As at the time of filing in this report, shares of the company is trading N21.16 kobo per share.

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