WorldStage Newsonline– Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and agro-allied group, owners of Golden penny has released an impressive result for third quarter 2020 despite the global economic challenges caused by the COVID- 19 pandemic.
Its condensed consolidated and separate interim financial statements 30th September, 2020 showed a 47.43% growth in revenue the last three months to N200.530 billion from N136.017 billion in Q3 2019.
Revenue for the nine months rose to N355.109 billion from N270.762 billion in 2019.
Its profit for the Q3 period jumped by 197.7% to N4.962 billion from N1.667 billion in 2019 while profit for nine months rose to N9.933 billion from N5.903 billion in 2019.
