Flour Mills of Nigeria Plc on Wednesday released its unaudited financial result for nine month ended 31 December 2018. The result revealed that Flour Mills of Nigeria Plc declined in revenue by 6.28% to close at N400.64 billion against the previous close of N427.51 billion in the previous year.
The Profit after Tax (PAT), declined by 40.39% to close at N7.9 billion against the previous close of N13.25 billion in Q3’17.
With about 4.1billion share outstanding, the Shareholders’ earnings per share declined by 40.25% to close at N1.93.
At a reference price of N19, it traded on 30th January 2019, the company’s PE Ratio is 9.84x with earnings yield of 10.16%.