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

DOWNLOAD RESULT

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


February 2016
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
29  
Buying and Selling FX is is easy and Safe on Nairalaw.com Agree What Nigerian Bank you ant To meet Verify and Pay the FX into your Account and Pay The Seller Easy Safe ALL Within The Banking Premises ! You can even walk into Select Banks and Ask To Speak To The Manager Code Word Nairalaw ! If anything goes wrong and you need legal representation . We are Here To Help ! YO CAN DO ONLINE FX DEALS VIA OUR DEAL ARBITER APP FREE . THEY ARE AT YOUR OWN RISK EXCEPT YOU PAY A SMALL CHARGE UPFRONT
BUY 1 MILLION UK US EMAILS AND START RESELLING ON ADVERTIS.I.NG BUY 1 Million UK US EMAILS AND START RESELLING FOR DMCA PLEASE CONTACT US
  • Related Posts

    • Naira
    • February 13, 2025
    • 2 views
    Interbank Rates Diverge Amidst Huge Liquidity Deficit

    Interbank Rates Diverge Amidst Huge Liquidity Deficit The short term benchmark interest rates diverged on the back of relatively lower funding demand as banking system faced huge liquidity deficit. Liquidity…

    Read more

    • Naira
    • February 13, 2025
    • 2 views
    Naira Falls as Foreign Obligations Crack External Reserves

    Naira Falls as Foreign Obligations Crack External Reserves The naira depreciated against the US dollar in the foreign exchange amidst declining external reserves.  The Nigerian Foreign Exchange Market (NFEM) experienced…

    Read more