Honeywell FlourMills Plc reports revenue of N34.85 million in second quarter result

Honeywell FlourMills Plc released its unaudited financial results for the second quarter of the year ended 30th of September 2021.

  • Revenue during the period was N34.85 billion. (+14.21% YoY)
  • Cost of sales stood at N31.88 billion. (+22.79% YoY)
  • Gross profit for the period was N2.97 billion. (-34.69% YoY)
  • Operating profit of N1.65 billion was recorded. (-15.31% YoY)
  • Net finance expense of N1.35 billion was recorded during the period.
  • Profit for the period stood at N203 million (+27.67%)
  • Total assets during the period stood at N166.76 billion. (+19.37 Bn YtD)
  • Earnings per share of 2.56 kobo Vs 2.01 kobo YoY.

See full result here