Investor Presentaiton
Financial Performance
Impressive FY results with accelerating growth in Q4
FMN
Food and Agro-Allied Group
CONSOLIDATED STATEMENT OF PROFIT & LOSS (N'BN)
all figures in N'm
FY'21
FY'20
% change
Q4'21
Q4'20
% change
Revenue
771.6
573.8
34
216.3
150.3
44
Cost of sales
(664.8)
(508.0)
31
(182.0)
(132.3)
37
Gross profit
106.8
65.8
62
34.3
18.0
91
Operating expenses
(41.1)
(32.6)
26
(16.0)
(9.0)
79
Net operating gains and (losses)
(13.4)
1.9
(801)
(1.3)
1.4
(193)
Operating profit
52.2
35.1
49
17.0
10.4
89
63
Investment income
3.7
2.4
53
0.3
1.7
(80)
Finance costs
(18.7)
(20.0)
(7)
(3.7)
(6.9)
(46)
Profit before taxation
37.2
17.5
113
13.6
5.2
161
Taxation
(11.5)
(6.1)
88
(3.4)
(2.0)
13
73
Profit for the year
25.7
11.4
126
10.1
3.2
215
FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION FULL YEAR 2021
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