Flour mills of nigeria plc news 2016

Here are some news articles and updates about Flour Mills of Nigeria Plc from 2016:

  1. Flour Mills of Nigeria Plc Reports N24.4 Billion Profit in 2016 (January 2017)

Flour Mills of Nigeria Plc, one of the largest food and beverage companies in Nigeria, reported a profit after tax of N24.4 billion for the year ended December 31, 2016. The company's revenue grew by 14.5% to N143.4 billion in 2016, driven by increased sales of its flagship brands, including Golden Penny and Honeybell.

Source: BusinessDay Nigeria

  1. Flour Mills of Nigeria Plc Acquires 75% Stake in Honeybell (February 2016)

Flour Mills of Nigeria Plc acquired a 75% stake in Honeybell, a leading honey and bee products company in Nigeria. The acquisition was part of the company's strategy to expand its portfolio of brands and products.

Source: ThisDay Live

  1. Flour Mills of Nigeria Plc Launches New Brand, Honeybell (March 2016)

Flour Mills of Nigeria Plc launched Honeybell, a new brand of honey and bee products, as part of its efforts to expand its presence in the Nigerian market.

Source: Vanguard News

  1. Flour Mills of Nigeria Plc Appoints New Managing Director (June 2016)

Flour Mills of Nigeria Plc appointed Paul Gbededo as its new Managing Director, effective June 1, 2016. Gbededo replaced John Gbadebo, who retired after 35 years of service with the company.

Source: Leadership Newspaper

  1. Flour Mills of Nigeria Plc to Invest N10 Billion in New Projects (August 2016)

Flour Mills of Nigeria Plc announced plans to invest N10 billion in new projects, including the expansion of its flour milling capacity and the construction of a new sugar refinery.

Source: The Punch

  1. Flour Mills of Nigeria Plc Reports 14.5% Increase in Revenue (September 2016)

Flour Mills of Nigeria Plc reported a 14.5% increase in revenue to N143.4 billion for the nine months ended September 30, 2016. The company's profit after tax grew by 15.1% to N21.4 billion during the period.

Source: BusinessDay Nigeria

  1. Flour Mills of Nigeria Plc to Pay N2.5 Billion Dividend (December 2016)

Flour Mills of Nigeria Plc announced plans to pay a dividend of N2.5 billion to its shareholders for the year ended December 31, 2016.

Source: The Punch