DANGFLOUR - Dangote Flour Mills Plc
Dangote Flour Mills Plc is a Nigeria-based company engaged in the business of manufacturing and sale of branded flour and flour-based products. The company commenced operations in 1999 as a division of Dangote Industries Limited, one of the country’s largest and fastest growing conglomerates. However, it was not until 2006 that it was incorporated after unbundling its operations from the parent company.
Dangote Flour’s core products portfolio comprises wheat, confectionery, and bread flour; as well as pasta semolina and alkama. The company operates in four segments: Flour (milling and sale of bread and confectionery flour), Sacks (manufacturing and sale of spaghetti and macaroni), Pasta (manufacturing and sale of packaging materials), and Noodles (manufacturing and sale of noodles). Dangote Flour Mills operates through three wholly-owned subsidiaries: Dangote Pasta Ltd, Dangote Agro Sacks Ltd, and Dangote Noodles Ltd.
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DANGFLOUR Stock Market Performance
The stock of Dangote Flour Mills Plc (DANGFLOUR) is currently trading at 22.25 NGN per share on the Nigerian Stock Exchange. DANGFLOUR began the year with a share price of 6.85 NGN and has since gained 224.82% on that price valuation, ranking it 2nd on the NSE in terms of year-to-date performance. The table below details the last 10 trading days of activity of Dangote Flour Mills Plc on the Nigerian Stock Exchange.
Profile of Dangote Flour Mills Plc
Dangote Flour Mills Plc operates in the Consumer Goods sector, specifically, the Food Production industry. The company is led by Thabo Mabe as its Group Chief Executive Officer. The company's board of directors, chaired by Asue Ighodalo, is composed of seven members whose names are listed below.
- Ighodalo, Asue
- Mabe, Thabo
Group Chief Executive Officer
- Dangote, Halima Aliko (Ms.)
Executive Director, Commercial
- Alake, Olakunle
- Ekpe, Arnold
- Wabi, Yabawa Lawan (Mrs., MNI)
- Isa, Aisha Ladi (Mrs.)
Company Secretary/Legal Adviser
|Factsheet of Dangote Flour Mills Plc|
Greenview, Terminal E Administrative Building, Apapa Port, Apapa, Lagos, Nigeria
DANGFLOUR Industrial Market Competitors
Dangote Flour Mills Plc, issuers of the DANGFLOUR stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or the Food Production industry. The table below gives you an overview of the market standing of the top 10 by year-to-date performance.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|COURTVILLE||Courteville Business Solutions||816.96m||0.23||+15.0%|
|AGLEVENT||AG Leventis & Co Plc||794.19m||0.30||+11.1%|
|ELLAHLAKES||Ellah Lakes Plc||8.52b||4.26||+0.00%|
|ENAMELWA||Nigerian Enamelware Plc||1.68b||22.10||+0.00%|
|DUNLOP||DN Tyre & Rubber Plc||954.53m||0.20||+0.00%|
|FTNCOCOA||FTN Cocoa Processors||440.00m||0.20||+0.00%|
|GOLDBREW||Golden Guinea Breweries||242.22m||0.89||+0.00%|
|UNIONDICON||Union Dicon Salt||3.32b||12.15||-9.67%|