HONYFLOUR Releases 2019 Audited and Q1 2020 Results; Declares N45m PAT in Q1 2020, (SP:N1.00k)


Monday, August 03, 2020 / 4:22 PM / NSE / Header Image Credit: Nairametrics

Honeywell Flour Mills Plc released its 2019 Audited results for the period ended March 31st, 2020.

Key Highlights

  • Revenue grew by 39% to N26bn from N19bn in the previous quarter.

  • Profit before tax declined by 51% to N66m.

  • Profit after tax declined by 58% to N45m.

  • Net Assets grew by 0.1% from N57.29bn to N57.33bn.

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