Flour Mills of Nigeria (FMN) Plc has reported a profit after tax of ₦7.895 billion for the nine months ended December 31, 2018, down from ₦13.247 billion recorded in corresponding period of the previous year. The profit was recorded from a revenue of ₦400.6 billion compared with ₦427.508 billion in 2017.According to the company, The […]
Read More Flour Mills of Nigeria Plc has rounded off pre-offer processes and signed off documentation for its ₦39.9 billion rights issue, setting the stage for the opening of the application list for the new capital raising. At the signing ceremony, which rounded off the pre-offer processes and documentations at the weekend, Flour Mills of Nigeria Plc […]
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Flour Mills of Nigeria plans to sell shares via a rights issue to cut debt as it registers a ₦70 billion ($223 million) bond programme to refinance short-term loans, the firm said on Wednesday. Several Nigerian companies have tapped capital markets this year to shore up their balance sheets after a currency crisis in 2015 […]
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