Dangote Flour Mills Plc has released its Q3 2018 financial result for the period ended 30th September.
Here are key highlights of the result:
Revenue
The revenue plummeted from N100.28 billion in Q3 2017 to N89.29 billion in corresponding period 2018. This represents a 16.93% decline in revenue year-on-year.
Profit before tax
The profit before tax for the company dropped from N18.01 billion in Q3 2017 to N4.45 billion in the same period 2018. This represents a 75.29% drop year-on-year.
Profit After Tax
Profit After Tax also dropped from 13.05 billion in Q3 2017 to 3.26 billion in the same period 2018. This represents a 75.01% drop year-on-year.
Earnings Per Share
Earnings Per Share dropped to N0.65 in Q3 2018 from 2.61 in the same period in 2017. This represents a 75.1% drop year-on-year.
Current Share Price
Dangote Flour Mills Plc is currently trading at N6.65 in today’s trading session on the Nigerian Stock Exchange (NSE)
