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Honeywell Flour Mills Plc on Thursday published its Audited Financial Statements for the year ended 31 March 2024. The Company reported revenue of N188.31 billion for the 12 months period, up by 27.80% from N147.35 billion reported the previous year. Loss after tax of N10.12 billion was reported for the year under review against N256 ....
The Central Bank of Nigeria (CBN) report revealed that capacity utilisation in the food and beverages sector fell to 49% from 61% in the corresponding period in 2022, indicating a 20 percentage point decline. As a result, they suggested that the output levels have been declining steadily since mid-last year. ....
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