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Home Markets Equities Company Results

2020 FY Results: Flour Mills Nigeria Plc reports a 126% increase in profit to N25.72bn.

Chidi Emenike by Chidi Emenike
June 30, 2021
in Company Results, Consumer Goods, Markets
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Flour Mills Nigeria Plc released its audited financial statements for the year ended 31st of March, 2021.

  • Revenue for the year was N771.61 billion. (+34% YoY)
  • Cost of sales was N664.85 billion. (+31% YoY)
  • Administrative expenses totalled N29.05 billion. (+24.4% YoY)
  • Profit for the year was N25.72 billion. (+126% YoY)
  • Earnings per share of N6.38 Vs N2.25 YoY.
  • A proposed dividend of N1.65 was announced by the board. (+18% YoY)
  • Total shareholders fund was N174.6 billion. (+12% YoY)

See link to results.

Tags: Company Financial ResultsFlour Mills of Nigeria Plc
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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