Tag Archives: Flour Mills

Flourmills To Commences N39.9bn Rights Issue

By Nse Anthony-Uko (Sundiata Finance) – Flour Mills of Nigeria (FMN) Plc at the weekend said it would be raising an additional capital of N39.9 billion through its existing shareholders. Following the receipt of shareholders’ approval in May 2015 to raise additional capital through rights issue, the company had received clearance of the issue documents from the Securities and Exchange ...

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Flour Mills Hit By Soaring Finance Costs As Profit Slumps

F lour Mills Plc, the largest miller by market value, saw profits fall by 38.76 per cent for the year ended March 2017, hurt by soaring interest on loans and rising production costs. For the year ended 31 March of 2017, Flour Mills net income was N8.83 billion as against N14.42 billion as at March 2016. Sales however increased by ...

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Flour Mills To Pay N2.62bn Dividend Despite Profit Decline

By Nse Anthony-Uko (Sundiata Finance) — The board of directors of Flour Mills of Nigeria (FMN), Plc has proposed N2.62 billion gross dividends, which translates to N1.00 per ordinary share of 50 kobo each for the financial year ended March 31, 2017. The company result which was released on the Nigerian Stock Exchange (NSE), yesterday, showed that profit after tax ...

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