Flour Mills of Nigeria PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was NGN 393,393.22 million compared to NGN 302,159.09 million a year ago. Net income was NGN 3,687.95 million compared to NGN 6,435.11 million a year ago. Basic earnings per share from continuing operations was NGN 0.9 compared to NGN 1.57 a year ago. Diluted earnings per share from continuing operations was NGN 0.9 compared to NGN 1.57 a year ago.
For the nine months, sales was NGN 1,113,969.25 million compared to NGN 824,980.52 million a year ago. Net income was NGN 11,761.93 million compared to NGN 16,418.21 million a year ago. Basic earnings per share from continuing operations was NGN 2.87 compared to NGN 4 a year ago. Diluted earnings per share from continuing operations was NGN 2.87 compared to NGN 4 a year ago.