posted a profit jump of 6.68 per cent for the nine months to September, according to its unaudited financials, an improvement hinged on earnings growth.
Turnover stood at N79.7 billion, 6.8 per cent higher than the figure for the corresponding period of 2020. The food processing company runs five units – sugar, edible oil, pasta, flour and pasta – all of which itBut only sugar and other derivative products were noted as income sources in the earnings report posted by the Nigerian Exchange, while earnings from the other four units were unaccounted for.
“Three of our five businesses division, namely sugar, flour and pasta, are currently and fully operational and are contributing to our current revenue stream,” Acting Managing Director Ayodele Abioye told an investors and analysts call on Tuesday.
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