Dangote Flour mills post NGN129 billion Assets in nine months

Dangote Cement

Dangote Flour Mills plc, Nigeria’s largest importer and producer of flour and pasta products is said its profit increased by 364% to NGN13.0 billion in the nine months ended in 2017 compared to NGN2.8 billion reported same period in the financial year 2016.

The conglomerate delivered NGN100.2 billion revenue for the period in contrast to NGN49.8 billion recorded in the previous year while gross profit was NGN23.2 billion against NGN14.0 billion in the year before.

Consequently, operating profit rose to NGN19.0 billion from NGN4.7 billion recorded in the fiscal year 2916.

Total assets declared by Dangote Flour mills for the period in review was NGN129.0 billion compared to NGN66.7 billion in the previous year while total liabilities was NGN93.7 billion versus NGN53.0 billion in the year before

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