Nigeria's Dangote Flour swings to H1 loss of 748 bln naira


LAGOS, Oct 12 (Reuters) - Nigeria's Dangote Flour

said on Friday it swung to a pre-tax loss of 748.15million naira ($4.76 million) in the first half of the year,compared with pre-tax profit of 244.51 million naira in the sameperiod last year.

Dangote Flour's gross earnings however rose to 29.58 billionnaira, compared with 34.14 billion in same period last year. Itdid not give a reason for the fall in earnings.

Nigerian billionaire Aliko Dangote last week sold 63 percentof Dangote Flour to South African consumer goods firm TigerBrands in a deal worth $188 million.

($1 = 157.24 naira)

(Reporting by Oludare Mayowa; Editing by Tim Cocks)

((oludare.mayowa@thomsonreuters.com)(+234 803 3964 138))


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