Earnings Update- FLOURMILL- Q1:2022

Flourmill of Nigeria Plc (FLOURMILL) began its 2022FY (full year-end is March) on a solid footing
reporting an all-time-high first-quarter revenue. The firm’s performance was supported
substantially by volume growth and a slight element of price increase in the food segment.
Overall, revenue increased by 51.19% in Q1:2021 to NGN233.70bnbn.

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Earnings Update- FLOURMILL Q1-2022

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