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:
Honeywell Flour Mills Plc
sales of 80.45 billion Nigerian Naira [US$210.78 million]
Unga Group Plc
(18.26 billion Kenyan Schillings [US$166.54 million]
Les Moulins De La Concorde Ltee
based in MAURITIUS
(2.06 billion Mauritian Rupees [US$51.74 million]
During the year ended March of 2020, sales at
Flour Mills of Nigeria Plc were 573.77 billion Nigerian Naira (US$1.50 billion).
increase of 8.8%
versus 2019, when the company's sales were 527.40 billion Nigerian Naira.
Sales of Agro Allied saw an increase
that was more than double the company's growth rate: sales were up
19.7% in 2020, from
88.10 billion Nigerian Naira to 105.46 billion Nigerian Naira.
Flour Mills of Nigeria Plc also saw significant increases in sales in
Sugar Value Chain (up 18.1% to 97.63 billion Nigerian Naira)
Not all segments of Flour Mills of Nigeria Plc experienced an increase in sales in 2020:
sales of Support Services fell 41.3% to 12.33 billion Nigerian Naira.
(However, this segment's sales were only a very small portion of the company's overall sales).