Flour Mills of Nigeria (FLOURMI) has surged 22% month-to-date by mid-September, showing resilience despite negative investor sentiment affecting Fast-Moving Consumer Goods (FMCG) stocks amid the naira’s devaluation. In its financial results for the period ended June 30, 2024, the company reported a pre-tax profit of N7.36 billion, a significant recovery from the pre-tax loss of …
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