Northern Nigeria Flour Mills Reports N233.1 Million Loss in 2016 End

NNFM

By InvestAdvocate

Lagos (INVESTADVOCATE) – Northern Nigeria Flour Mills Plc (NNFM) has reported a loss before tax of N233.1 million for the period ended March 31, 2016 compared to N215.4 million loss recorded a year ago.

Similarly, the company reported a loss for the year of N197.2 million compared to N199.5 million declared the same period of 2015.

Revenue also declined 90.70 percent to N979.03 million from N10.53 billion in 2015 end, NNFM said on Thursday in a filing with the Nigerian Stock Exchange (NSE).

Click here to download Northern Nigeria Flour Mills Plc Financial Statements for the Year Ended March 31, 2016

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