Northern Nigeria Flour Mills Plc reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was NGN 3,352.25 million compared to NGN 2,109.91 million a year ago. Net income was NGN 52.56 million compared to net loss of NGN 95.12 million a year ago. Basic earnings per share from continuing operations was NGN 0.29 compared to basic loss per share from continuing operations of NGN 0.53 a year ago.
For the nine months, sales was NGN 11,363.24 million compared to NGN 6,454.89 million a year ago. Net income was NGN 226.3 million compared to NGN 51.23 million a year ago. Basic earnings per share from continuing operations was NGN 1.27 compared to NGN 0.29 a year ago.