Flour Mills of Nigeria released their financial results for the 3 months ended 30th June 2015 showing a 65% drop in profits after tax from N2.8bn in Q1 2014 to N971 million in Q1 2015. Revenue also dropped by 1.9% from N83bn to N82bn. See summary of result below…

Flour Mills Nig Plc Q1 2015 2014 % Change
N’000 N’000
Revenue 82,281 83,947 -1.98%
Gross Profit 9,876 9,714 1.67%
Operating Expenses -3,757,576 -3,820,184 -1.64%
Pre-tax profits 1,188 3,544 -66.48%
Profit After Tax 971 2,822 -65.59%
Current Share Price 25.00

PRESS RELEASE

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