date:Sep 04, 2012
200g in South Africa, and 400g in Egypt.
The company, which has a 55% to 60% market share in the flour and pasta segments in Nigeria, plans to foray into higher margin retail products such as snacks to retain its market share.
For the first quarter of 2012, the company reported a 32% rise in profit before tax to NGN5.1bn ($31.79m). According to Vauthier, flour milling represented about 76% of the total sales.
Flour Mills is involved in span flour milling, pasta manufacturing, port operations, fe