Flour Mills Records 38% Revenue Growth

Flour Mills of Nigeria has said its unaudited financial statement for half-year 2023 shows strong revenue growth across business segments, despite the challenging macroeconomic environment.

According to a statement by the company, overall revenue increased by 38 per cent to N721b, propelled by a favorable mix and some exchange related pricing.

It added that the company achieved strong revenue growth averaging 36 per cent across all business segments.