Press Release

The Chairman of Honeywell Group, Dr. Oba Otudeko, CFR, has been conferred with the CEO of the Year Award at the 2016 Africa CEO Forum held in Abidjan, Côte d’Ivoire. Otudeko emerged 2016 Africa CEO of the year ahead of seven other African Chief Executives.

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.

AS part of its corporate social responsibility initiatives, Honeywell Flour Mills Plc has partnered the Federal Road Safety Corps (FRSC) in the campaign to ensure accident-free Christmas and New Year celebrations.

Honeywell Flour Mills Plc (HFMP) has won this year’s Corporate Awards for Excellence in Human Resources Practice, otherwise known as HR Best Practice Award organised by the Chartered Institute of Personnel Management (CIPM).

Honeywell Flour Mills Plc has stressed the need for bakers to embrace quality control in their business. In a statement from the company, the Managing Director, Honeywell, Mr. Lanre Jaiyeola, stated this in Lagos recently during the 27th Certificate Award Ceremony of the Honeywell Baking School.

On the top 10 performing stocks last week were the shares of Honeywell Flour Mill Plc, Glaxosmithkline Consumer Nig. Plc, Costain (West Africa) Plc, Aiico Insurance Plc, Wema Bank Plc and Champion Breweries Plc.

Nigeria’s Honeywell Flour Mills Plc has rewarded its shareholders at its annual general meeting held yesterday in Lagos with a dividend payout of N396.5 million, translating to 5 kobo dividend per share. The shareholders who commended the company for the dividend despite the tough operating environment, however advised to improve on the payout next year.

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.