October 28, 2022/Cordros Report Flour Mills of Nigeria Plc (FLOURMILL) published its Q2-23 unaudited results yesterday (October 27), reporting a decline of 18.9% y/y in standalone PAT with accompanying EPS of NGN0.60 (Q2-22: NGN1.27), bringing H1-23 EPS to NGN1.97 (H1-22: NGN2.43). The EPS decline was brought about by the 223.8% […]
Results & Dividends
FBNH: Decent numbers in 9M’22
October 28, 2022/CSL Research FBNH released 9M 2022 unaudited numbers. Interest Income was up 42.4% y/y driven by growth in Interest Income on investment securities and Loans due to an improvement in earnings yield. Q/q, Interest Income was up 23.2% in Q3 2022 compared with Q2 2022. Net Loans to […]
Flourmill’s Net Margin shrinks on high energy cost and FX loss in H1’23
October 28, 2022/CSL Research For Flourmills H1 2023 unaudited numbers, Revenue increased by 37.8% y/y to N720.58bn in H1 2023 from N522.82bn in H1 2022. Management noted that volumes in the food business softened while other business segments saw growth in volumes, hence the increase in Revenue was driven by […]
