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

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.

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