Flour Mills Posted N134bn in HY’19 Financial Report

The unaudited financial reports for the half year ended June 30th, 2019 of Flour Mills of Nigeria plc revealed an improvement of 1.29% in topline figures to close the period at N134.7 billion away from N133bn reported same period in 2018.

The first six months financial reports which hits the market on the Thursday 25th of July, 2019 shows a growth of about 6% in Profit before Tax to N5.5bn, away from N5.2bn recorded in the preceding period in 2018.

The profit after tax for the period under review also rose from N3.649bn in 2018 to N4.236bn in the current report, which implies a growth of about 16% in (PAT).

The earnings per share grew by 16.09%, from 89kobo of 2018 to 103kobo in the period under review.

The PE Ratio for the current period stands at 14.37x and the earnings yield at 6.96%.

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