Honeywell Flour reports N353m as profit in six months

Honeywell Flour Mills has published its second quarter report for the period ended 30 September 2021.

A turnover of N67.909 billion was reported for the six months period, up by 19.32% from N56.911 billion reported the previous year.

Profit after tax of N353 million was reported for the period under review, up by 73.04% from N204 million reported the previous year.

Earnings per share for the period under review increased to 4 kobo from the EPS of 3 kobo reported the previous year.

At the share price of N3.65, the PE ratio of Honeywell Flour Mills stands at 82x with earnings yield of 1.22%.

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