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Last 34.60 NGN
Change Today +0.09 / 0.26%
Volume 178.8K
As of 8:33 AM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

flour mills nigeria plc (FLOURMIL) Snapshot

Open
34.60
Previous Close
34.51
Day High
34.60
Day Low
34.60
52 Week High
08/12/14 - 73.55
52 Week Low
02/13/15 - 26.60
Market Cap
90.8B
Average Volume 10 Days
1.5M
EPS TTM
2.85
Shares Outstanding
2.6B
EX-Date
08/18/14
P/E TM
12.1x
Dividend
1.91
Dividend Yield
5.53%
Current Stock Chart for FLOUR MILLS NIGERIA PLC (FLOURMIL)

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flour mills nigeria plc (FLOURMIL) Details

Flour Mills of Nigeria Plc primarily engages in flour milling business in Nigeria and internationally. It operates through Food, Cement, Agro Allied, Packaging, Port Operation, Real Estate, and Others segments. The company products pasta, noodles, edible oil, and livestock feeds; distributes and sells fertilizer; and manufactures and markets laminated woven polypropylene sacks and flexible packaging materials. It is also involved in farming and other agro-allied; cement manufacturing; operating terminals A and B at the Apapa Port; customs clearing; forwarding agents; and shipping agents and logistics activities, as well as manages third party mills. In addition, the company engages in real estate business; haulage of goods and services; and importation and bagging of rice activities. Further, it acts as company registrars; and operates approximately 380 trucks. The company was incorporated in 1960 and is headquartered in Lagos, Nigeria. Flour Mills of Nigeria Plc is a subsidiary of Excelsior Shipping Company, Limited.

4,828 Employees
Last Reported Date: 09/27/14
Founded in 1960

flour mills nigeria plc (FLOURMIL) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

flour mills nigeria plc (FLOURMIL) Key Developments

Flour Mills of Nigeria PLC Announces Earnings Results for the First Quarter Ended June 30, 2014

Flour Mills of Nigeria PLC announced earnings results for the first quarter ended June 30, 2014. The company announced a profit before tax of NGN 3.54 billion for the first quarter ended June 30, 2014 showing a decline of 24.5% over NGN 4.69 billion recorded in the corresponding period of 2013. The company announced that its turnover declined to NGN 9.71 billion compared with NGN 10.49 billion in the same period of last year. The PBT declined was due to a combination of factors, which including a 22bp reduction in gross margin to 11.6%, a 76 % year on year rise in interest expense to NGN 5.5 billion and a 46% year on year decline in other operating income.

Flour Mills of Nigeria PLC ProposeS Increase in Dividend

Flour Mills of Nigeria PLC board of directors is proposing to its shareholders to approve a 5% increase in dividend, that is, NGN 2.0 per ordinary share of 50 kobo and a bonus of one ordinary share for every 10 ordinary shares of 50k each.

Flour Mills of Nigeria PLC Reports Group and Parent Earnings Results for the Full Year of Fiscal 2014

Flour Mills of Nigeria PLC reported group and parent earnings results for the full year of fiscal 2014. For the period, on parent basis, the company posted revenue of NGN 246 billion, a growth of 9% over NGN 226 billion it achieved last year. Profit before tax grew by 7.1% to NGN 12.46 billion from NGN 11.63 billion posted last year, while profit after tax was up by 17.6% to NGN 10.47 billion, from NGN 8.9 billion. For the year, on group basis, the company’s revenue grew by 10% to reach NGN 332.14 billion, while group profit before tax dropped by 24% from NGN 10.87 billion to NGN 8.23 billion. Group profit tax was NGN 5.4 billion, 28% less that NGN 7.5 billion of 2013 financial year.

 

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Industry Analysis

FLOURMIL

Industry Average

Valuation FLOURMIL Industry Range
Price/Earnings 44.5x
Price/Sales 0.3x
Price/Book 1.1x
Price/Cash Flow 41.4x
TEV/Sales NM Not Meaningful
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