![[Corporate Action] Honeywell Flour Records 32% Drop In Pre-tax Profits Q1 2015](https://nairametrics.com/wp-content/uploads/2015/08/semolina_b.jpg)
Honeywell Flour Mills released its results for the 3months ended June 2015. The result showed a 32.65% drop in profits from N585million in 2014 to N394million in 2015. See summary of result below..
| Honeywell Flour 3 Months Ended | Jun-15 | Jun-14 | % Change |
| N’m | N’m | ||
| Revenue | 12,797 | 13,191 | -2.99% |
| Gross Profit | 2,313 | 2,255 | 2.57% |
| Operating Expenses | -1,728 | -1,569 | 10.13% |
| Pre-tax profits | 394 | 585 | -32.65% |
| Profit After Tax | 283 | 462 | -38.74% |
| Current Share Price | 2.33 |
