2014 FY Audited: Flour Mills Group Report 35% Drop In Earnings per share

Flour Mills Group Nigeria Plc reported a 10% jump in revenue for its year ended March2014 FY audited accounts. Revenues was N332billion compared to the N301.9billion posted a year earlier. Higher finance cost however cost the company N16.1billion in the year under review a 41% jump from the N11.4billion incurred in interest a year before. This impacted negatively on earnings per share as the company reported a profit after tax of N5.3billion compared to N7.5billion posted a year earlier. Earnings per share thus dropped 35% to 184kobo compared to 282kobo posted a year earlier.

See results below;

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