Northern Nigeria Flour Mills declares 25 kobo to shareholders, grows FY profit by 15.37%

Northern Nigeria Flour Mills (NNFM) has declared a final dividend of 25 kobo to its shareholders for the year ended 31 March, 2022.

The Company reported a turnover of N15.23 billion for the 12 months period, up by 75.74% from N8.67 billion reported the previous year.

Profit after tax reported for the period under review was N80.668 million, up by 15.37% from N69.919 million reported the previous year.

Earnings per share of the company stands at 45 kobo, up by 15.37% from the EPS of 39 kobo reported the previous year.

At the share price of N10.60, the P/E ratio of NNFM stands at 23.42x with earnings yield of 4.27%.

Source:Northern Nigeria Flour Mills declares 25 kobo to shareholders, grows FY profit by 15.37% – StocksWatch (stocksng.com)

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