Dangote Flour Mills Plc recently released its H1 2018 financial statements for the year ended 30 June 2018.
Here are the key highlights of the reports
The company reported revenue of ₦56.39 billion for the period ended June 2018 compared to ₦64.86 billion reported for the period ended June 2017. This represents 13% decline.
Profit Before Tax
Profit before tax was ₦4.40 billion for the period ended June 2018, a 50% drop compared to profit of ₦8.80 billion reported for the period ended June 2017.
Profit After Tax
The company’s profit after tax for the half year ended 30th June 2018 was ₦3.25 billion, a 43% decline from a profit of ₦5.75 billion recorded in H1 2017.
Earnings Per Share
Dangote Flour Mills Plc, however, reported earnings per share of 65 kobo for the period ended June 2018 as against earnings of 116 kobo reported for the comparative period in 2017.
Current Share Price
Dangote Flour Mills Plc stock closed today at N8.55, down 2.84%.