Honeywell Flour reports 36% revenue growth in year 2021 results

Honeywell Flour reports 36% revenue growth in year 2021 results

Full Year 2021 Financial Highlights

● Revenue grew by 36% to N109.5 billion

● Operating Profit increased by 39% to N7.6 billion

● Recorded Gross Profit Margin of 14.3%

● Profit after Tax (PAT) increased by 73%

● Recorded Earnings per share of 14.2 kobo

● Proposed dividend of 7 kobo per share up 75%

Leading foods manufacturer, Honeywell Flour Mills Plc. (HFMP) on Fiday (May 28, 2021) announced its audited results for the year ended March 31, 2021.

The company recorded an all-time high revenue of N109.5 billion, an increase of 36% over N80.4…

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