Dangote Flour Mills revenue plummeted by 16.93% in Q3 2018

Dangote Flour Mills Plc has released its Q3 2018 financial result for the period ended 30th September.

Here are key highlights of the result:

Revenue

The revenue plummeted from N100.28 billion in Q3 2017 to N89.29 billion in corresponding period 2018. This represents a 16.93% decline in revenue year-on-year.

Profit before tax

The profit before tax for the company dropped from N18.01 billion in Q3 2017 to N4.45 billion in the same period 2018. This represents a 75.29% drop year-on-year.

Profit After Tax

Profit After Tax also dropped from 13.05 billion in Q3 2017 to 3.26 billion in the same period 2018. This represents a 75.01% drop year-on-year.

Earnings Per Share

Earnings Per Share dropped to N0.65 in Q3 2018 from 2.61 in the same period in 2017. This represents a 75.1% drop year-on-year.

Current Share Price

Dangote Flour Mills Plc is currently trading at N6.65 in today’s trading session on the Nigerian Stock Exchange (NSE)

DOWNLOAD DANGOTE FLOUR MILLS PLC Q3 2018 RESULT