I am pleased to announce that NATIONAL FLOUR MILLS LIMITED (NFM) has delivered commendable financial results in 2024, demonstrating resilience and strategic adaptability. Although revenue experienced a 9% decline from $577M in 2023 to $523M in 2024. our Gross Profit increased by 6%, from $152M to $161M. This accomplishment was primarily driven by a significant 15% reduction in the cost of sales, resulting from prudent grain procurement and improved operational efficiencies. Despite fluctuations in global grain prices, these measures allowed us to manage costs and enhance profitability effectively.
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