In the just-released financial scorecard for H1:2023 (full year-end is March), Flourmill of Nigeria Plc’s(FLOURMILL) recorded a remarkable topline performance as it grew by 37.82%YoY to NGN720.58bn (vsNGN522.82bn in H1:2022). Increased revenue across all its business units propped total revenue significantly: Food (+32.07%), Sugar (+50.59%), Agro-allied (+52.29%) and Support (+10.34%)segments. The Sugar segment recorded impressive numbers due to increased volumes.
You May Also Like
Earnings Update – FCMB 2022FY Increased Earnings in the Face of High Impairment Charge.
- April 11, 2023
In 2022FY, FCMB Group Plc (FCMB or the “Group”) recorded its first double-digit topline growth since 2016, as…
Earnings Update | MTNN | H1:2021
- August 26, 2021
MTNN further built on its strong Q1:2021 performance to deliver a service revenue growth of 31.42% YoY in…
Earnings Update | SEPLAT | Q1:2020
- May 15, 2020
SEPLAT’s Q1:2020 financial performance showed that revenue declined by 13.34% YoY to NGN42.41bn (vs. NGN48.94bn in Q1:2019). The…
Earnings Update – FCMB – H1:2021
- August 16, 2021
Kindly find attached the full report Earnings Update – FCMB – H1-2021
Earnings Update | STERLNBANK | 2019FY
- April 19, 2020
STERLNBANK’s 2019FY financial results reveal borderline performance as gross earnings registered a slight uptick (+1.00%) from NGN148.71bn to…
Earnings Update | NASCON | H1:2020
- August 5, 2020
NASCON, in its Q2:2020 financial scorecard, recorded strong double-digit growth (+24.34% YoY) in revenue to NGN7.65bn (vs. NGN6.15bn…