Northern Nigeria Flour Mills Plc grows profit by 21% to N82.9 million in Q1 2021.

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

  • Revenue for the period was N3.56 billion. (+87% YoY)
  • Cost of sales was N3.25 billion. (+88.3% YoY)
  • Administrative expenses totalled N170.7 million. (+106.4% YoY)
  • An operating profit of N147.9 million was recorded. (+25.05% YoY)
  • Profit after tax for the period was N82.9 million. (+20.96% YoY)
  • Earnings per share of 46 kobo Vs 38 kobo YoY.

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