Flour Mills Nigeria Plc releases results proposes N1.00 dividend and bonus of 1 for 11.
July 25th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
Industrial conglomerate, Flour Mills of Nigeria Plc has released their audited results for the full year ended March 31 2008 to the floors of the Nigerian Stock Exchange.
The company which is a well known name in the market with activities in flour milling, pasta manufacturing, port operations, cement trade & manufacturing, fertilizer blending, bags & other packaging materials manufacturing and agricultural business was able to grow its turnover during the period from N105.668 billion in 2007 to N127.661 billion in 2008 indicating a growth of 20.81 percent. Profit before tax increased slightly by 0.89 percent from N9.791 billion in 2007 to N9.878 billion in 2008. After tax profit stood at N6.393 billion compared to N7.474 billion recorded in 2007 signifying an increase of 14.46 percent.
Shareholders whose names appear in the company’s register at its closure on 11th – 15th of August, 2008 are to reap a dividend of N1.00 and bonus issue of 1 for 11. The payment date is for 18th September, 2008.
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WHAT HAPPEN IF I HAVE NOT REGITER MY CERTIFICAT WITH THE STOCK BROCKERS THANK YOU WISH FOR YOUR RESPONSE
when will flour mills pay cos am yet to receive both my bonus and my dividend as at today the 30 sept 2008