Nigeria: Flour Mills of Nigeria Announces 12% Increase in Profit

2 August 2021

Flour Mills of Nigeria Plc has announced 12 per cent increase in profit before tax to N7.3 per cent in first quarter (Q1) ended June 30, 2021 results compared to N6.5billion reported in first quarter results of 2020.

According to the company, its group's profit after tax was N5.4billion in Q1 2021, 10 per cent increase when compared to N5billion in Q1 2020.

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