Golden Sugar Company wins Global Safety Awards

Flour Mills of Nigeria Plc’s subsidiary has won The Global Food Safety Initiative (GFSI) Awards in Nice, France.

The award was announced during this year’s GFSI conference in Nice, which brings industry leaders together to discuss the key food safety trends in the FMCG sector. The Awards intend to reflect the diversity of the GFSI Global Markets Programme around the world today from Africa, Asia, the Americas, and Europe.

Maniatis Ioannis John, General Manager, Golden Sugar company said:

“we are delighted to be a part of this year’s conference and to have been selected as winners. our journey through the global markets programme has been truly inspirational and indeed rewarding. we know that golden sugar is enjoyed by millions of nigerian families every day, so this is just one of the many initiatives that we have put in place to assure them of our commitment to quality and safe food for all.”

About Golden Sugar Company Limited

Golden Sugar Company is a wholly owned subsidiary of Flour Mills of Nigeria Plc and a member of the FMN Group. The company operates one of the biggest Sugar Refineries in Nigeria, with a capacity to process 750, 000 metric tons of Sugar per annum.

About Flour Mills of Nigeria Plc 

Flour Mills Nigeria Plc is a conglomerate with diversified business operations cutting across port operations and flour milling. The company was incorporated in September 1960 and quoted on the Nigerian Stock Exchange in 1978.

The stock closed at N19.1 in today’s trading session on the NSE, down 0.78%.

Results for the nine months ended 31st December 2018, show revenue dropped from N427 billion in 2017 to N400 billion in 2018. Profit before tax fell from N19.5 billion in 2017 to N11.5 billion in 2018. Profit after tax dropped from N13.2 billion in 2017 to N7.8 billion in 2018.

Source: Nairametrics

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