Honeywell Flour Mills posts 73% profit increase

Honeywell Flour Mills Plc has reported a profit after tax of N1.13 billion for the financial year 2020, compared to N650.49 million in 2019.

The company said its profit before tax rose to N1.58 billion last year from N1.27 billion in 2019.

Its revenue increased by 36 percent year-on-year to N109.59 billion from N80.45 billion, according to its audited financial statements released on Friday.