Honeywell Flour Mills Plc. has released its audited full year financial results for the period ended 31st March, 2015 with a record of N49 billion in sales.
The unaudited accounts of Honeywell Flour Mills plc (Honeywell) for the period ended December 31, 2014 shows that its turnover decreased by 8.28% to N37.64bn, compared with N41.03bn recorded in the corresponding period of 2013.
Honeywell Flour Mills Plc on Tuesday received the approval of its shareholders to pay a dividend of N1.34bn, representing N17 kobo per share for the financial year ended March 31, 2014.
AS part of its Corporate Social Responsibility programmes, Honeywell Flour Mills Plc has donated products and cash to schools in Lagos and Ogun States.
Honeywell Flour Mills said it has invested about N1billion in equipment to make its production system compliant with the federal government's directive for five percent inclusion of cassava in flour.