Dangote Flour Mills (DFM) Plc appeared to have fully left the sour taste of the previous years of consecutive losses as the flour-milling company posted a pre-tax profit of N11.82 billion in 2016, its first profit in five years. Key extracts of the audited report and accounts for the 15-month period ended December 31, 2016, […]
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Dangote Flour Mills Plc. has recorded N78.11billion revenue for the 12-month period representing an increase of by 62.63 per cent against the year 2015 N48.03bn), despite the challenging operating environment, inflationary pressures, and weak purchasing power. The strong performance for the year and return to profitability by the company was driven largely by several restructuring […]
Read More This came some months after the group was reacquired from Tiger Branded Consumers Goods Plc. The group posted a profit before tax of N2.64bn in the half-year ended June 30, 2016, compared to a loss of N9.55bn posted in the corresponding period of 2015. Dangote Flour Mills consist of Dangote Flour, Dangote Pasta, and Dangote […]
Read More Dangote Flour Mills said it recorded a profit before tax of N2.64 billion for the half year ended June 30, following its re-acquisition from Tiger Branded Consumer Goods. The company disclosed this in a statement, saying its profit before tax in the period was against a loss of N9.55 billion posted in the corresponding period […]
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