By InvestAdvocate

Click here to view Northern Nigeria Flour Mills Plc 2015 third quarter report

Lagos (INVESTADVOCATE)-Fast Consumer Moving Goods (FCMG) Company, Northern Nigeria Flour Mills Plc said on Monday its nine-month pretax profit for the period ended December 31, 2015 declined 73.7 percent to N71.553 million from N272.502 million recorded a year ago.

Similarly, post-tax profit dipped the same margin of 73.7 percent to N54.957 million from N209.297 million posted the same period of 2014.

Revenue of the company dropped from N10.764 billion in Q3 2014 to N749.730 million in the review period of 2015, Northern Nigeria Flour Mills said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the company at the close of today’s trading on the domestic bourse dropped 4.92 percent to N7.35 per share from N7.73 per share traded the past session.