Investor Presentaiton
Support Segment
15% segment revenue driven by increased volumes while PBT decline due to FX rate volatility in ABTL business
SUPPORT SEGMENT
H1'24
H1'23
% Chg
Q2'24 Q2'23 % Chg
18.7
16.3
15
12.4 10.6
17
Profit before tax
(2.9)
(1.1)
(153)
(0.7)
0.0
(3,467)
Revenue
BAGCO
Uncompromised Quality in
various forms and sizes
18%
H1'24 BAGCO
Revenue
Growth
53%
H1'24 GTC
Revenue
Growth
FMN
Food and Agro-Allied Group
18% Revenue growth in Bagco; Our bagging
business was partly driven by a 5% volume
increase. The business engaged in sales of
some new bags which include multipurpose
bags, food bags, cement bags and rice bags.
The port facilities business achieved 54%
revenue growth led by marginal volume increase
and tariff increase. Partnerships with other firms
are being explored to increase cargo volumes by
the business
GTC (Golden transport company), our logistics
business revenues witnessed improvement
driven by improved asset availability and
utilization and price increases as required.
GOLDEN
PENNY
SUPREME
FEEDS
ERTILIZE
NPK
ND
FERTILIZE
SUPER
SACK
Hermetic
Storage Bag
REWEST SHOLE GAS ALAMATION T
CYT
BAGCO
SAHARAN SACK
54%
H1’24
ABTL Revenue
Growth
GOLDEN FERT
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FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24View entire presentation