FLOUR MILLS OF NIGERIA PLC released its audited result for the year ended 31st March, 2016 after the close of trading yesterday. The result showed the Revenue of the Company increased by 11% to N342.6bn, while its Profit after Tax increased by 70.2% to N14.4bn (2016 EPS, 557 kobo; 2015 EPS, 345 kobo). The Directors of the Company recommended a dividend, as follows.
Proposed Dividend:     100 Kobo per share (2015: 210 kobo)
Proposed Bonus:         Nil
Closure Date:              8th – 12th August, 2016
AGM Date:                  8th September, 2016
Payment Date:            12th September, 2016
AGM Venue:                Eko Hotel & Suites, Victoria Island, Lagos.
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