Dear Investor,
Please find below the Audited FY’16 Results for FLOUR MILLS OF NIGERIA PLC
FLOUR MILLS OF NIGERIA PLC
AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2016
Sector:
CONSUMER GOODS
Per share Data
Current Price (N)
21.50
52 Weeks High/Low (N)
34.05/15.93
Shares Outstanding
2,624,237,187
Market Capitalisation
56,421,099,520.50
Period
FY 2016
FY 2015
% Growth
Income Statement
N’ Million
N’ Million
Revenue
342,586.46
308,756.53
10.96
Cost of Sales
(304,961.74)
(273,389.57)
11.55
Gross Profit
37,624.72
35,366.96
6.38
Selling and Distribution Expenses
(5,003.80)
(4,184.38)
19.58
Administrative Expenses
(15,848.26)
(20,281.76)
-21.86
Net Operating Gains and Losses
(7,720.52)
(685.05)
1027.00
Operating Profit
9,052.14
10,215.77
-11.39
Gain on Disposal of Investment in Associate
23,731.42
14,289.95
66.07
Investment Income
1,103.48
2,303.59
-52.10
Finance Costs
(22,397.76)
(18,703.53)
19.75
Loss from Equity Accounted Investments
–
(381.01)
–
Profit Before Tax
11,489.28
7,724.77
48.73
Net Income Tax Credit
2,931.01
738.29
297.00
Profit After Tax
14,420.28
8,463.06
70.39
Profit Attributable to:
Owners of the Company
14,620.32
9,016.55
62.15
Non-Controlling Interests
(200.04)
(542.20)
-63.11
Balance Sheet
FY 2016
FY 2015
% Growth
N’ Million
N’ Million
Total Assets
345,348.33
343,260.83
0.61
Total Liabilities
249,582.55
255,850.44
-2.45
Shareholders’ Fund
95,765.77
87,410.40
9.56
Fundamental analysis
FY 2016
FY 2015
% Growth
Earnings Per Share (EPS) (N)
5.57
3.44
62.15
P.E (x)
3.86
6.26
-38.33
PBT Margin (%)
3.35%
2.50%
34.05
PAT Margin (%)
4.21%
2.74%
53.56
Net Asset Per Share (N)
36.49
33.31
9.56
ROA%
4.18%
2.47%
69.36
ROE %
15.06%
9.68%
55.52
Corporate Action
FY 2016
FY 2015
Proposed Dividend – Final (Naira)
1.00
2.10
-52.38
Regards,
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