Flour Mills of Nigeria PLC reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was NGN 508,271.55 million compared to NGN 380,974.72 million a year ago. Net income was NGN 246.76 million compared to NGN 2,442.12 million a year ago. Basic earnings per share from continuing operations was NGN 0.06 compared to NGN 0.6 a year ago. Diluted earnings per share from continuing operations was NGN 0.06 compared to NGN 0.6 a year ago.
For the six months, sales was NGN 964,647.81 million compared to NGN 720,576.03 million a year ago. Net loss was NGN 9,956.29 million compared to net income of NGN 8,073.97 million a year ago. Basic loss per share from continuing operations was NGN 2.43 compared to basic earnings per share from continuing operations of NGN 1.97 a year ago. Diluted loss per share from continuing operations was NGN 2.43 compared to diluted earnings per share from continuing operations of NGN 1.97 a year ago.