Honeywell Flour Mills Plc Posts Impressive Performance For Year Ended 31st March, ’21

 

The company has been quoted since 2009 with 33,273 shareholders and 832 employees.

Below is a break down of it’s performance:

 

• Revenue for the period was N109.59 billion. (+36.23% YoY)
• Cost of sales was N93.97 billion. (+41.1% YoY)
• General administrative expenses of N2.57 billion. (+3.4% YoY)
• Operating profit was N7.65 billion. (+39.1% YoY)
• Profit after tax was N1.13 billion. (+73.1% YoY)
• A dividend of 7 kobo was proposed by the Board. (+75% YoY)

 

The company did a total sales of N108b as at 31st March 2021, up from N80b it did as at same period in 2020.

Sales went up 36% from last year, up 51% from 2017. This it achieved with all sales done in Nigeria as it does not export

Overall, Sales trend positive, especially considering recession and falling household purchasing power