2020 FY Results: Honeywell Flour Mills Plc reports a 73.1% increase in profit to N1.13 billion.

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Honeywell Flour Mills Plc has released its full-year results for the year ended 31st March, 2021.

• Revenue for the period was N109.59 billion. (+36.23% YoY)
• Cost of sales was N93.97 billion. (+41.1% YoY)
• General administrative expenses of N2.57 billion. (+3.4% YoY)
• Operating profit was N7.65 billion. (+39.1% YoY)
• Profit after tax was N1.13 billion. (+73.1% YoY)
• A dividend of 7 kobo was proposed by the Board. (+75% YoY)

See link to results.