Flour Mills full-year profit falls 6 percent

Flour Mills of Nigeria said its full-year pretax profit dropped 6 percent to ₦7.72 billion ($38.80 million) from ₦8.22 billion the previous year.

Gross earnings fell to ₦308.75 billion in the year to March 31 compared with ₦325.79 billion in the year, the company said in a filing to the Nigerian Stock Exchange on Wednesday.

The company did not give reason for the drop in earnings.