Flour Mills Posts An Impressive Q3’15 Result As Profits Rise By 476%

Flour Mills Nigeria Plc released its financial results for the 9 months ended 31st December 2015. The result showed that revenue rose by 7.9% from N244 billion in Q3’14 to N263 billion in Q3’15, while the gross profit rose by 11% from N24.9 billion to N27.6 billion in 2015.

The company also reduced its operating expenses by 5.8% from N12.8 billion in Q3’2014 to N12 billion in Q3’2015.

Profit after tax however rose astronomically by 435% from N3.6 billion to N19.7 billion in 2015, while profit after tax rose by 476% from N3.2 to N19 billion.

Flour Mills share price was N19.20 up 6.37%. 9021017055

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