July 15, 2021/Nova Merchant Bank NOVA Merchant Bank held its 4th Annual General Meeting in Lagos where shareholders commended the board and management for its impressive performance over the years. At the meeting held on the 30th of June 2021 at the Head Office, No. 23 Kofo Abayomi Street Victoria […]
Results & Dividends
Flour Mills of Nigeria Q4 2021 Results Review: Outperformance Across Business Divisions
July 7, 2021/Proshare by FBNQuest Research Increased focus on B2C channels and backward integration projects over FY ’22 In Q4 ’21 (end-Mar), FMN reported impressive results, delivering growth across divisions on the back of improved volumes and price increases over FY ’21. The company’s core operational changes, centred around […]
Flour Mills of Nigeria 2021FY: Solid topline growth and higher investment income underpins record-breaking PAT
July 1, 2021/Cordros Report FLOURMILL published its 2021FY audited financials after the market’s close (29th June). The result showed that Profit after tax grew remarkably by 126.0% y/y to NGN25.72 billion – the highest on record. The strong performance was underpinned by the solid topline growth (+34.5% y/y) and a […]
