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.
