Northern Nigeria Flour Mills Plc reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was NGN 5,519.44 million compared to NGN 3,352.25 million a year ago. Net income was NGN 133.99 million compared to NGN 52.56 million a year ago. Basic earnings per share from continuing operations was NGN 0.75 compared to NGN 0.29 a year ago.
For the nine months, sales was NGN 13,759.55 million compared to NGN 11,363.24 million a year ago. Net income was NGN 330.7 million compared to NGN 226.3 million a year ago. Basic earnings per share from continuing operations was NGN 1.86 compared to NGN 1.27 a year ago.