Non Stop Losses – Dangote Flour Mills Post 2013 Q1 Pre- Tax Loss of N1.75billion

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[upme_private]Dangote Flour Mills released its Q1 2013 results showing a slight rise in revenue of 1.8% to N14billion. Pre-tax losses continued from where it stopped in 2012 as the company posted a loss before tax of N1.75billion. As with prior quarters huge direct cost has continued to drain revenues chalking off 90% of revenue this quarter alone.

Bottom Line: The company’s financial performance  is still in the red!!

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