Flour Mills of Nigeria Plc operates within the Flour and other grain mill products sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Flour Mills of Nigeria Plc with three other
bakery and confectionary companies in Africa:
Pioneer Food Group Limited
of South Africa
sales of 20.60 billion South African Rands [US$1.57 billion]
of which 62%
was Essential Foods),
Dangote Flour Mills PLC
(84.61 billion Naira [US$277.53 million]
of which 79%
was Flour), and
Honeywell Flour Mills Plc
(50.88 billion Naira [US$166.90 million]
During the year ended March of 2016, sales at
Flour Mills of Nigeria Plc were 342.59 billion Naira (US$1.12 billion).
increase of 11.0%
versus 2015, when the company's sales were 308.76 billion Naira.
Sales of Port Operation saw an increase
that was more than double the company's growth rate: sales were up
332.0% in 2016, from
789.65 million Naira to 3.41 billion Naira.
Flour Mills of Nigeria Plc also saw significant increases in sales in
Food (up 17.7% to 280.29 billion Naira)
Not all segments of Flour Mills of Nigeria Plc experienced an increase in sales in 2016:
sales of Real Estate fell 98.8% to 63.53 million Naira.
(However, this segment's sales were only a very small portion of the company's overall sales).
Flour Mills of Nigeria Plc also experienced decreases in sales in
Agro Allied (down 7.5% to 46.72 billion Naira)
Packaging (down 13.2% to 12.10 billion Naira)