Flour Mills FY profit nearly triples despite tough market

PUBLISHED: Thu, 06 Aug 2020 12:22:53 GMT


Flour Mills of Nigeria says its profits nearly tripled for the financial year ending on the 31st of March. The company says its post-tax profits rose 184 per cent to 11.4 billion naira despite the prevailing economic headwinds and the difficult operating terrain at Apapa, Lagos. Flour Mills of Nigeria’s Chief Financial Officer, Anders Kristiansson joins CNBC Africa for more….

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.