Flour Mills of Nigeria Plc - Company Profile
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Flour Mills of Nigeria Plc (FMN) is a food and agro-allied company that carries out flour milling, production, and distribution of a diverse range of food products. Its products portfolio includes flour, pasta, noodles, breakfast cereals, margarine, spread, vegetable oils, and refined sugar. The company markets its products under bagco, eagle feeds and golden fertilizer brand names. It also involves in the business of livestock feeds; farming and other agro-allied downstream activities; and distribution and sale of fertilizer. FMN also carries out the manufacturing and marketing of laminated woven polypropylene sacks and flexible packing materials. It offers support services including packaging, power generation, logistics, port operations, shipping, and real estate leasing. FMN is headquartered in Lagos, Nigeria.
Headquarters
Nigeria
Address
1, Golden Penny Place, Wharf Road, Apapa, Lagos
Website
fmnplc.com
Telephone
234 70 56891000
No of Employees
5,919
Industry
Ingredients
Ticker Symbol & Exchange
FLOURMILL (NIG)
Revenue (2023)
$3.6B
32.3%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
15.8%
(2023 vs 2022)
Market Cap*
$124.8M
Net Profit Margin (2023)
XYZ
-12.7%
(2023 vs 2022)
* As of and is in US$
Flour Mills of Nigeria Plc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Food: | Custom Clearing | Golden Penny Foods |
| Flour | Logistics | BAGCO |
| Rice | Freight Forwarding | Top Feeds |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In October, the company launched a Sunti Brown Sugar. |
| 2022 | Acquisitions/Mergers/Takeovers | In April, the company acquired additional 5.06% stake in Honeywell Flour Mills from First Bank of Nigeria. |
| 2022 | Acquisitions/Mergers/Takeovers | In April, the company completed the acquisition of 71.69% stake in Honeywell Flour Mills Plc. |
Competitor Comparison
| Key Parameters | Flour Mills of Nigeria Plc | Honeywell Flour Mills Ltd | PZ Cussons Nigeria Plc | Dangote Flour Mills plc | Ideal Flour Mills Limited |
|---|---|---|---|---|---|
| Headquarters | Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| City | Apapa | Lagos | Lagos | Lagos | - |
| State/Province | Lagos | - | - | - | - |
| No. of Employees | 5,919 | 832 | 1,040 | 4,932 | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John G. Coumantaros | Chairman | Executive Board | 2014 | - |
| Omoboyede Olusanya | Managing Director; Chief Executive Officer | Executive Board | 2021 | - |
| Alhaji Rabiu Gwarzo | Director | Non Executive Board | 2011 | - |
| Salamatu Hussaini Suleiman | Director | Non Executive Board | 2017 | - |
| Thanassis Mazarakis | Director | Non Executive Board | 2006 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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