Flour Mills of Nigeria (FMN) recorded loss after tax in the period ended June 2023 and also lost millions to penalty during the same period, the firm’s financial statement showed.
In its Q1 2023 financial statements released on Wednesday, Flour Mills of Nigeria reported N9.33 billion loss, failing to improve on the N5.49 billion profit after tax recorded in the quarter ending June.
Also, FMN operating profit dropped to N7.11 billion between April to June this year, failing to surpass the N15.28 billion posted in the same period in 2022.
