Honeywell Flour Mills Plc has disclosed its financial result for the full-year period ended March 31st, 2019. Below are the key highlights from the result:
2019 Revenue: Revenue increased from N71.47 billion in FY 2018 to N74.41 billion in FY 2019, indicating a 4% increase.
Profit Before Tax: Profit before declined by 87.52% from N4.87 billion in 2018, to N607.79 million in 2019.
Profit After Tax: Profit After Tax also decreased from N4.42 billion in 2018 to N68.36 million in 2019, declining by 98.45%.
Earnings Per Share: Earnings per share fell from 55.82 kobo in 2018, to 0.86 kobo in 2019.
Current Share Price: Honeywell Flour Mills is currently trading at N1 in today’s trading session on the floor of the Nigerian Stock Exchange (NSE).
Note that Honeywell’s financial year ends on March 31st instead of the typical December 31st which many other companies on the NSE are known to close theirs.