![[Corporate Action] Flour Mills Profits Dip By 65% in Q1 2015](https://nairametrics.com/wp-content/uploads/2015/08/Flour-Mills-Royal-times.jpg)
Flour Mills of Nigeria released their financial results for the 3 months ended 30th June 2015 showing a 65% drop in profits after tax from N2.8bn in Q1 2014 to N971 million in Q1 2015. Revenue also dropped by 1.9% from N83bn to N82bn. See summary of result below…
| Flour Mills Nig Plc Q1 | 2015 | 2014 | % Change |
| N’000 | N’000 | ||
| Revenue | 82,281 | 83,947 | -1.98% |
| Gross Profit | 9,876 | 9,714 | 1.67% |
| Operating Expenses | -3,757,576 | -3,820,184 | -1.64% |
| Pre-tax profits | 1,188 | 3,544 | -66.48% |
| Profit After Tax | 971 | 2,822 | -65.59% |
| Current Share Price | 25.00 |
Not bad considering global economy.