Northern Nigeria Flour Mills released its 9 months to December 2012 earnings report posting a revenue of N9.1billion as against N9.8billion posted in the same period last year. Pre-tax profits was about N749.8Million over 3x what it posted same period last year. Much of this was due to the 13% drop (over N1billion) in cost of sales this period compared to the prior period. See their results below;
NORTHERN NIGERIA FLOUR MILLS PLC Q3 UNAUDITED RESULTS DECEMBER 2012