Flour Mills of Nigeria Grows Profit By 5% To N39.22b In 2022

Flour Mills of Nigeria Plc has released its audited annual report for the year ended 31 March 2022 with 5% growth in profit after tax to N39.216 billion from N37.285 billion in 2021.

Revenue for the year jumped by 51% to N1.164 trillion from N771.608 billion in 2021

Meanwhile, the company has declared a dividend of N8.82 billion which amounted to N2.15 per share up from N6.77 billion at N1.65 per share in 2021.