Flour Mills full-year profit falls 6%

Flour Mills of Nigeria said its full-year pre-tax profit dropped 6 percent to N7.72 billion ($38.80 million) from N8.22 billion the previous year.

Gross earnings fell to N308.75 billion in the year to March 31 compared with N325.79 billion in the year, the company said in a filing to the Nigerian Stock Exchange on Wednesday, without giving reason for the drop in earnings, reports Reuters.