Dangote Flour Mills Plc released its 2014 9 months results showing revenues dropped 3.7% to N28.7billion (2013: N29.8billion). Cost of sales however lowered comparatively helping boos Gross profit by 929% to N1.7billion. Higher operating cost of N5.2billion compared to N3.8billion a year earlier effectively wiped out Gross Profits turning the company yet again into losses. Pre-tax losses rose 4.6% to N6.2billion compared to N4.5billion a year earlier. Dangote Flour Mills now have negative retained earnings of N8.7billion. Download results below;
2014 9 Months Results: Dangote Flour Mills Report Another N6.2billion Loss Before Taxes
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