Dangote Flour Mills Plc today released its financial statements for the period ended Q1 March 31st 2018.
Here are the key highlights of the results;
Revenue
The company reported Revenue of ₦26.29 billion for the period ended March 2018 compared to ₦29.05 billion reported for the period ended March 2017. This represents a 10% decrease for the comparative period in 2017.
Profit Before Tax
Profit before tax was ₦2.26 billion for the period ended March 2018, a 43% decrease from the ₦3.98 billion reported for the period ended March 2017.
Profit After tax
The company’s profit after tax for the period ended March 2018 was ₦1.58 billion compared to ₦2.60 million reported March 2017. This represented a 39% decrease for the comparative period in 2017.
Earnings Per Share
Dangote Flour Mills Plc also reported earnings per share of 32 kobo for the period ended March 2018 compared to 52 kobo reported for the period ended March 2017. This represents a 38% decrease for the comparative period in 2017.
Current Share Price
Dangote Flour Mills closed at N13.30 in today’s trading session on the NSE, down 4.66%.