Honeywell Flour Mills Plc has announced impressive financial results for the first nine months of 2024, with a remarkable 123.64% revenue growth and a profit after tax (PAT) of N8.75 billion.
In its unaudited results, the company revealed that revenue surged from N123.99 billion to N277.06 billion, reflecting a significant boost in sales performance. Profit before tax also saw a substantial increase, reaching N12.28 billion for the period.
Despite the challenging economic environment, Honeywell Flour Mills’ growth trajectory has remained strong, supported by its efficient operations and market strategies. The company’s share price currently stands at N9.35, reflecting investor confidence following these positive financial outcomes.
This growth reinforces Honeywell Flour Mills’ position as a key player in the Nigerian food sector, with analysts predicting sustained momentum if the current performance trends continue through the rest of the year.
