Northern Nigeria Flour Mills (NNFM) has declared a final dividend of 35 kobo to its shareholders for the year ended 31 March 2023.
The Audited Report of the Company shows revenue growth of 6.10% year on year, from N15.23 billion to N16.16%.
Profit after tax grew by 238.2% to N272.82 million from N80.67 million reported the previous year.
Earnings per share of the NNFM stands at N1.53.
At the share price of N13, the P/E ratio of Northern Nigeria Flour Mills stands at 8.49x with earnings yield of 11.78%.