July 31, 2017/InvestmentOne Research

Flour Mill of Nigeria Plc  released its Q12018 (YE-March) results earlier today.

Please find key highlights of the Q1 2018 results below:

·         Revenue  of N148.9bn: up +10.7% q/q; +25.0% y/y

·         Profit before tax of N6.2bn, advanced by +33691.9% q/q (on lower base effect of Q4 2017); +5.5% y/y

·         Profit after tax of N4.5bn: up +215.8% q/q (on lower base effect of Q4 2017); +2.7% y/y

Please click to download a copy of the financial statements.