Northern Nigeria Flour Mills declares a FY gross dividend of 0.15 NGN per share, fixes AGM for Sep 8

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Northern Nigeria Flour Mills declares a FY gross dividend of 0.15 NGN per share, fixes AGM for Sep 8

Northern Nigeria Flour Mills Plc, Food Product company in Consumer Goods sector announced has declared a dividend of 0.15 NGN per share.

The following are the details related to the dividend:

Financial period FY 31/03/2020
Announcement date 13/08/2020
Ex-Dividend date 25/08/2020
Record date 24/08/2020
Payment date 10/09/2020
Dividend amount per share 0.15 NGN

 

AGM

Northern Nigeria Flour Mills Plc, also announced its Annual General Meeting (AGM) details as thus:

AGM date : 08/09/2020
Year ended : 31/03/2020
Venue : Bristol Palace Hotel, 54/56 Guda Abdullahi Road, Farm Center, Kano
Time : 14:00

 

Financials

Northern Nigeria Flour Mills Plc recently released its Q1 2020 Unaudited results for the period ended June 30th, 2020. The company’s revenue grew by 68.9% to N1.9bn from N1.1bn in the previous quarter.

In terms of profit, the company saw a growth in its profit before tax by 304% to N68.5m while profit after tax grew by 536.9% to N68.5m. Net Assets grew by 144.4% from N1.2bn to N2.8bn.

Northern Nigeria Flour Mills Plc is a milling company in Nigeria which mills wheat and other grains and sells its products under the Golden Penny brand name. Products produced by Northern Nigeria Flour Mills Plc include wheat flour, semovita, wheat offal, masaflour, germ flour, masavita and corn offal.

It’s retail and wholes range for banking and confectionary includes Golden Penny flour, Golden Penny sugar and Golden Penny rice. The company’s head office is in Kano, Nigeria.