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Home Markets Equities Company Results

Northern Nigeria Flour Mills Plc reports profit of N69.92 million in FY 2020.

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

  • Revenue for the year was N8.67 billion. (-2% YoY)
  • Cost of sales was N7.9 billion. (-1.1% YoY)
  • General and administrative expenses totalled N490.9 million. (-4.1% YoY)
  • Operating profit was N328.29 million. (-41.6% YoY)
  • Profit for the year was N69.92 million. (+8.2% YoY)
  • Earnings per share of 39 kobo Vs 36 kobo YoY.

See link to results.

Tags: Northern Nigeria Flour Mills 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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