Honeywell Flour Mills Plc Reports Audited Earnings Results for the Full Year Ended March 31, 2017
Honeywell Flour Mills Plc reported audited earnings results for the full year ended March 31, 2017. For the year, the company announced revenue of NGN 53,227,891,000 against NGN 50,883,780,000 a year ago. Results from operating activities were NGN 8,262,788,000 against loss of NGN 2,049,565,000 a year ago. Profit before taxation was NGN 5,469,833,000 against loss of NGN 2,869,342,000 a year ago. Profit for the year was NGN 4,304,955,000 against loss of NGN 3,023,852,000 a year ago. EPS was 54.29 kobo against loss of 38.13 kobo a year ago. Net cash flows used in operating activities was NGN 2,533,081,000 against net cash flows generated from operating activities of NGN 10,131,641,000 a year ago. Purchase of property, plant and equipment was NGN 16,843,271,000 against NGN 6,467,588,000 a year ago.