June 3, 2024/Cordros Report Flour Mills of Nigeria Plc (FLOURMILL) released its 2024FY audited results yesterday (June 2nd), reporting a 99.2% y/y decline in PAT, with accompanying EPS of NGN0.06 (2023FY: NGN7.25). The decline in earnings is attributed to the surge in FX losses (+336.6% y/y to NGN137.46 billion) in […]
Results & Dividends
Flour Mills of Nigeria Plc FY 2024: Foreign Exchange Loss Drags Profitability
June 3, 2024/CSL Research In its FY 2024 (FY ended 31 March 2024) result, Flour Mills of Nigeria Plc’s (Flourmill) Revenue was up 48.8% y/y to N2.29tn from N1.54tn in FY 2023. On a q/q basis, the company’s Revenue increased by 23.2% to N732.36bn in Q4 2024 from N594.55bn in […]
FirstBank Maintains Impressive Performance, Posts N238.53Bn PBT in Q1 2024
June 1, 2024/FirstBank of Nigeria FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of […]
