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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