BUSINESS
Northern Nigeria Flour Mills Grows Profit By 15.37% To N80.67m In 2022

Northern Nigeria Flour Mills Plc has released its audited annual report for the year ended 31 March 2022 with 15.37% growth in profit for the year to N80.668 million from N69.919 million in 2021.
NewsBeatng reports that revenue for the year also grew to N15.233 billion from N8.668 billion in 2021.
Meanwhile, the Directors have recommended to shareholders at the forthcoming annual general meeting the declaration of a total of N44.6million (2021: N23.76 million) representing a dividend of N0.25 (2021: N0.15) per ordinary share of 50 kobo each.



