Flour Mills of Nigeria Plc has released its condensed consolidated and separate interim financial statements for half-year 2019. The condensed reports showed that the group’s profit increased by 16% even though the revenue witnessed a slight increase. See the key breakdown below.

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Revenue: The Group’s condensed revenue for the half-year period of 2019 stood at N270.76 billion, indicating a 0.37% increase when compared to N269.73 billion during the comparable period in 2018.

Gross Profit: The firm recorded 31.77 billion in gross profit as at the end of H1 2019, signalling a slight reduction from 32.11 billion recorded as at the end of H1 2018. This represents a slight decrease of 1.06%.

Profit before Tax: Profit before tax for the group stood at N8.63 billion for H1 2019, representing a slight increase of 4% when compared to N8.30 billion for the period under review.

Profit after Tax: As at H1 2019, Flour Mills of Nigeria Plc recorded a profit after tax of N5.90 billion, up from N5 billion as at H1 2018, representing a 16.44% profit growth.

Business day

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Earnings Per Share: Earnings Per Share for the group stood at N1.53 as at H1 2019 compared to N1.25 recorded in H1 2018.

To download the full financial report, check here.

Deal book 300 x 250
Deal book 300 x 250

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