Culled—–Proshare July 26, 2016 / FBNQuest Research Event: Flour Mills of Nigerian (FMN) reports Q4 2016 (end-Mar) results Implications: Likely downward revisions to consensus 2017 PBT forecast Positives: No obvious positives Negatives: FMN reported a pre-tax loss of –N8.3bn, driven mainly by a 48% y/y and 58% y/y rise in […]
Results & Dividends
Flour Mills of Nigeria Plc: UNICEM Sale Masks Earnings Challenge
Culled—-Proshare July 25, 2016/Vetiva Research FY’16 revenue ahead of Vetiva estimate N23.7 billion exceptional income boosts EPS 70% y/y Board proposes dividend of N1.00 per share (FY’2015: N2.10) Downward revision to FY’17 EPS TP revised lower to N23.41 (Prev: N43.93) on challenging outlook Revenue growth ahead of Vetiva estimate Despite […]
Flour Mills Reports N14.4 Billion Group PAT in 2016 End, Offers 100 Kobo per Share Dividend
By InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills of Nigeria Plc on Thursday reported a group profit after tax (PAT) of N14.4 billion for the period ended March 31, 2016 compared to N8.47 billion recorded a year ago. Similarly, profit before tax (PBT) of the consumer goods firm grew to N11.49 billion from […]
