Flour Mills of Nigeria Plc grows profit by 9.6% to N5.45 billion in Q1 2021, as earnings per share prints N1.17.

Flour Mills of Nigeria Plc released its unaudited financial results for the first quarter of the year ending 30th of June, 2021.

  • Revenue for the period was N233.7 billion. (+51.2% YoY)
  • Cost of sales was N208 billion. (+61.2% YoY)
  • Administrative expenses totalled N6.6 billion. (+34.2% YoY)
  • An operating profit of N11.5 billion was declared.
  • Profit for the period was N5.45 billion. (+9.6% YoY)
  • Earnings per share of N1.17 Vs N1.07 YoY.

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