FLOURMILL fundamentals

Flour Mills Nigeria Plc engages in farming, flour milling; and production of pasta, noodles, edible oil, refined sugar, and livestock feeds. It operates through the following segments: Food; Agro Allied; Sugar; and Support Services. The Food segment focuses in the milling and sales of flour and rice and production and sales of pasta, snacks, sugar, and noodles. The Agro Allied segment include farming of maize, cassava, soya, sugar cane and oil palm, and production and sales of fertilizer, edible oils, and livestock feeds. The Sugar segment comprises planting and processing of sugarcane; refining and selling of sugar; and sale of by-products from sugar refining. The Support Services segment manufacture and market laminated woven polypropylene sacks and flexible packaging materials. The company was founded by George Stravos Coumantaros on September 29, 1960 and is headquartered in Lagos, Nigeria.