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FMN Grows Profit by 126% to N26bn, Recommends 165 kobo Dividend

Goddy Egene The Flour Mills of Nigeria Plc (FMN) has announced its audited financial results for the year ended March 31, 2021, showing improved performance indicators. The results showed that the group achieved impressive top-line growth for the year, aided by gains from its agro-allied turnaround strategy. Specifically, FMN posted a revenue of N771.6 billion for the year, showing an increase of 34.5 per cent compared with the N573.77 billion recorded the previous year. Net finance cost fell from N17.5 billion to N15 billion, resulting from better cost and financial management strategy. Profit before tax rose by 112 per cent to N37.19 billion from N17.50 billion, while profit after tax (PAT) grew faster by 126 per cent to print at N25.72 billion compared with N11.38 billion the preceding year.

Goddy egeneOmoboyede olusanyaFlour mills of nigeria plcFlour millsNigeria plcGroup managing directorமாவு ஆலைகள் ஆஃப் நைஜீரியா ப்ல்மாவு ஆலைகள்நைஜீரியா ப்ல்குழு நிர்வகித்தல் இயக்குனர்

Companies Raise N800 Billion in Bond Market

Goddy Egene Nigerian companies have raised over N800 billion bonds from the capital market in the first half of 2021 (H1) just as predicted by Norrenberger in its 2021 Economic Outlook Report. Norrenberger, a financial services group, had predicted in its 2021 economic outlook report published in December 202o that yields on fixed income instruments would remain low and thus was expected to result in many corporate borrowers to see bonds as a suitable source of capital to cover their increasing cost of operations. The Report titled “Seizing The New Reality,” was designed for local and foreign investors who seek to understand the investment/capital market in Nigeria. The report had explained that while major policies and actions from government authorities and international organisations should be enough to restore economies to the growth path, aggregate consumption was expected to grow at a gradual pace.

Goddy egeneCi leasing plcFidelity bank plcFlour mills of nigeria plcMecure industriesEmzor pharmaceuticalsNova merchant bankNigeria plcCoronation merchant bankDangote cement plcNew realityFlour millsCardinalstone financingLeasing plcசை குத்தகை ப்ல்நம்பகத்தன்மை வங்கி ப்ல்

CWG Records N2 6 Billion Profit

This represented a 13 per cent growth over the N2.3 billion it declared in 2019. The company also declared a net revenue of N11.7 billion in 2020, which was 22 per cent higher than the prior year’s income. Given its financial performance for the year ended 31st December, 2020, the company assured its shareholders of good returns on their investments, in line with its mandate to deliver value to its shareholders who believed and invested their money in the company. The Group Managing Director/CEO at CWG Plc, Mr. Adewale Adeyipo, gave the assurance at the 16th Annual General Meeting of the company, which held recently in Lagos, where the audited statements of the financial position of the company were discussed, together with the statement of comprehensive income for the year ended 31st December, 2020.

Phillip obiohaPan africaAdewale adeyipoNigerian exchange limitedCwg plcNigeria plcAnnual general meetingPan africanநைஜீரியன் பரிமாற்றம் வரையறுக்கப்பட்டவைநைஜீரியா ப்ல்ஆண்டு ஜநரல் சந்தித்தல்

Anambra Poll: PDP presents certificate of return to Ozigbo

Anambra Poll: PDP presents certificate of return to Ozigbo
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

Anambra stateAbuja federal capital territoryNigeria generalValentine ozigboUche secondusPeoples democratic partyPt mag campaignNational working committeTransnational corporation of nigeria plcChief executive officerTransnational corporationNigeria plcCall willieகூட்டாட்சியின் மூலதனம் பிரதேசம்மக்கள் ஜனநாயக கட்சிட் மாக் பிரச்சாரம்

250 aviation key players to jaw-jaw at LAAC conference

250 aviation key players to jaw-jaw at LAAC conference
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Rabiu yaduduRabiu abdulmutalibOlaniyi adigunNigerian airspace management agencyNigerian college of aviation technologyNigerian meteorological agencySheraton hotelNigerian civil aviation authorityAccident investigation bureauAirports authority of nigeriaAviation safety initiativeNigeria aviation safety initiativeMinistry of aviationNigeria plcNigeria airlinesAssociation of aviation ground handlers