Northern Nigeria Flour Mills Plc reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was NGN 8,688.97 million compared to NGN 5,519.44 million a year ago. Net income was NGN 583.46 million compared to NGN 133.99 million a year ago. Basic earnings per share from continuing operations was NGN 3.27 compared to NGN 0.75 a year ago.
For the nine months, sales was NGN 21,828.65 million compared to NGN 13,759.55 million a year ago. Net income was NGN 1,549.14 million compared to NGN 330.7 million a year ago. Basic earnings per share from continuing operations was NGN 8.69 compared to NGN 1.86 a year ago.