Flour Mills of Nigeria Full-Year Net Income Falls
(Corrects percentage change in first paragraph.)
Flour Mills of Nigeria Plc (FLOURMIL)’s full- year net income fell by 44 percent in the year through March 2011 to 9.45 billion naira from 16.94 billion naira a year earlier, Renaissance Capital said, citing figures released today by the Nigerian Stock Exchange.
Revenue for the period rose to 238.79 billion naira, compared with 206.6 billion naira, it said in an e-mailed note today.
To contact the editor responsible for this story: Dulue Mbachu at email@example.com