{"id":35763,"date":"2021-01-26T17:30:49","date_gmt":"2021-01-26T17:30:49","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=35763"},"modified":"2021-01-26T16:37:13","modified_gmt":"2021-01-26T16:37:13","slug":"flour-mills-nine-month-profit-rise-by-91-5","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5","title":{"rendered":"Flour mills nine-month profit rise by 91.5%"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a>. <\/strong><\/span>Flour Mills of Nigeria Plc has declared an impressive profit of N15.6 billion in the nine months ended Dec. 31, 2020, a 91.5% rise from N8.1 billion in the same period a year ago, despite economic headwinds.<\/p>\n<p>Revenue also increased to N555.3 billion, from N373.8 billion in 2019.<\/p>\n<p>In the last three months alone ended Dec. 31, the group operating profit rose by 150.26 percent to N5.65 billion compared to 2019 figures of N2.2 billion in the corresponding period.<\/p>\n<p>This figure was disclosed in the company\u2019s financial statement posted on Tuesday morning on NSE\u2019s website.<\/p>\n<p>Profit before tax in the first nine months of fiscal 2020 also increased by N23.6 billion from N12.2 billion in the same period a year ago.<\/p>\n<p>Flour Mills of Nigeria is engaged in flour milling, production of pasta, noodles, edible oil and refined sugar, production of livestock feeds, farming, and other agro-allied activities.<\/p>\n<p>Opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Flour Mills of Nigeria Plc has declared an impressive profit of N15.6 billion in the nine months ended Dec. 31, 2020, a 91.5% rise from N8.1 billion in the same period a year ago, despite economic headwinds. Revenue also increased to N555.3 billion, from N373.8 billion in 2019. In the last three [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":35762,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,2667,254,2666],"class_list":["post-35763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-flour-mills","tag-nigeria","tag-profit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Flour mills nine-month profit rise by 91.5% - Nigeria<\/title>\n<meta name=\"description\" content=\"Flour Mills of Nigeria Plc has declared an impressive profit of N15.6 billion in the nine months ended Dec. 31, 2020, a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flour mills nine-month profit rise by 91.5%\" \/>\n<meta property=\"og:description\" content=\"Flour Mills of Nigeria Plc has declared an impressive profit of N15.6 billion in the nine months ended Dec. 31, 2020, a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-26T17:30:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/01\/img-6010450cf0d74.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"506\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Flour mills nine-month profit rise by 91.5%\",\"datePublished\":\"2021-01-26T17:30:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5\"},\"wordCount\":152,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/01\/img-6010450cf0d74.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Flour Mills\",\"Nigeria\",\"Profit\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/flour-mills-nine-month-profit-rise-by-91-5\",\"name\":\"Flour mills nine-month profit rise by 91.5% - 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