Dangote Flour returns to profitability after take over

Months after itsre-acquisitionfrom Tiger BrandedConsumers Goods, Dangote Flour Mills have returned to profitability, posting a profit before tax (PBT) of N2.64 billionin the half year endedJune 30, 2016, compared to a loss of N9.55 billion posted at the corresponding period in 2015. Dangote Flour Mills consists of Dangote Flour, Dangote Pasta, and Dangote Noodles. According to the half year report of the company released on the floor of the Nigerian Stock Exchange, the Flour milling group recorded a gross profit of N14.03 billion in the period while profit from operating activities rose to N8.47 billion. The financial performance is heartwarmingThe post Dangote Flour returns to profitability after take over appeared first on Daily Times Nigerian Newspaper.
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