Flour Mills of Nigeria PLC reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was NGN 380,974.72 million compared to NGN 289,118.19 million a year ago. Net income was NGN 2,442.12 million compared to NGN 5,202.75 million a year ago. Basic earnings per share from continuing operations was NGN 0.6 compared to NGN 1.27 a year ago. Diluted earnings per share from continuing operations was NGN 0.6 compared to NGN 1.27 a year ago.
For the six months, sales was NGN 720,576.03 million compared to NGN 522,821.43 million a year ago. Net income was NGN 8,073.97 million compared to NGN 9,983.11 million a year ago. Basic earnings per share from continuing operations was NGN 1.97 compared to NGN 2.43 a year ago. Diluted earnings per share from continuing operations was NGN 1.97 compared to NGN 2.43 a year ago.