Northern Nigeria Flour Mills Plc reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was NGN 7,028.28 million compared to NGN 3,849.25 million a year ago. Net income was NGN 532.94 million compared to NGN 28.13 million a year ago. Basic earnings per share from continuing operations was NGN 2.99 compared to NGN 0.16 a year ago.
For the six months, sales was NGN 13,139.68 million compared to NGN 8,240.11 million a year ago. Net income was NGN 965.68 million compared to NGN 196.7 million a year ago. Basic earnings per share from continuing operations was NGN 5.42 compared to NGN 1.1 a year ago.