Honeywell Flourmills, Plc has declared N389 million as profit for the six months period ended September 2016, a far cry from the N903 million recorded in same period of 2015.
The company also posted a 7 percent decline in revenue at N24.4 million from N26.2 million and a 6 percent reduction in selling and admin expenses at N3.4 million, Worldstage report.
Honeywell’s total assets closed the six month period under review at N112.1 million, 47.4 percent higher than N76 million as at 31st March 2016, as total equity improved 103 percent to N33.2 million from N16.4 million.
