Honeywell Flour Mills reports N10.5bn loss in nine months
Honeywell Flour Mills Plc on the Nigerian Exchange Limited (NGX) has announced N10.5billion loss in nine months ended December 31, 2022 as against N209million reported in the corresponding nine months of 2021.
The flour processing company announced on the Exchange a N10.3billion loss before tax in the period under review.
From the profit & loss figures, revenue stood at N113.4billion in nine months of 2022 from N99.87billion in nine months of 2021.
Cost of sales at N108.95billion in nine months of 2022 from N90.15billion in nine months of 2021 and N6.8billion finance cost in nine months of 2022 from N4.38billion in nine months of 2021 affected the flour processing performance in the period.
