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Flour Mills profit tumbles by 97% to N257m 

January 30, 2024

Flour Mills of Nigeria Plc has reported a 97 per cent decline in its profit for the nine months ended December 2023. The firm’s unaudited financial results filed with the Nigerian Exchange Limited showed profit after tax dropped to N257.99m in 2023 from N10.02bn in 2022. The company’s performance was affected by N120bn operating losses

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