Flour Mills reports N1.16trn as turnover, PAT rises by 8.94%

Flour Mills of Nigeria on Monday published its Audited Financial Statement for the year ended 31 March 2022.

The Company reported a turnover of N1.164 trillion for the 12 months period, up by 50.83% from N771.6 billion reported the previous year.

Profit after tax grew year on year by 8.94% to N28.015 billion from N25.717 billion reported the previous year.

Earnings per share of Flour Mills stands at N6.83, up by 8.94 from the EPS of N6.27 achieved the previous year.

At the share price of N35.7, the P/E ratio of Flour Mills stands at 5.23x with earnings yield of 19.14%.