trending Market Intelligence /marketintelligence/en/news-insights/trending/CgLVL5S60xgZnD_PWpbqxA2 content esgSubNav
In This List

Northern Nigeria Flour Mills fiscal Q3 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Northern Nigeria Flour Mills fiscal Q3 profit falls YOY

Northern Nigeria Flour Mills PLC said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 16 kobo per share, a decrease of 68.0% from 49 kobo per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.7 million nairas, a decline of 68.0% from 86.6 million nairas in the year-earlier period.

The normalized profit margin fell to 0.6% from 6.1% in the year-earlier period.

Total revenue rose on an annual basis to 5.01 billion nairas from 1.42 billion nairas, and total operating expenses grew year over year to 4.99 billion nairas from 1.29 billion nairas.

Reported net income fell 73.6% year over year to 28.4 million nairas, or 16 kobo per share, from 107.4 million nairas, or 60 kobo per share.

As of Jan. 23, US$1 was equivalent to 191.30 nairas.