FSDH Initial Reaction: Flour Mills 1QFY23 results Kindly click here to download the report. August 3, 2022/FSDH Research Key Performance Highlights: Flour Mills recorded an impressive 45.3% YoY increase in revenue to N339.6 billion in 1Q23, driven by robust growth across the segments via continuous product innovation and improved capacity […]
Results & Dividends
Dangote Sugar Reports Robust Operating Performance in 2Q22
FSDH Initial Reaction: Dangote Sugar 2Q22 results Kindly click here to download the report. August 3, 2022/FSDH Research Key Performance Highlights: Dangote Sugar reported a 41.0% YoY revenue growth to N91.0 billion in 2Q22 from N64.6 billion in 2Q21, primarily driven by the 39.4% rise in the 50kg Sugar revenue […]
Flour Mills of Nigeria Plc Q1 2023: COGS, FX Pressures Dampen Profit Growth
August 3, 2022/CSL Research The Russia-Ukraine induced strain in the global supply chain has continued to cause an increase in the cost of raw materials for Flour Mills, particularly as both countries rank among the top ten producers of wheat. Flour Mills of Nigeria Plc has been accommodating the escalating […]
