Ardova Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 50,312.81 million compared to NGN 62,934.74 million a year ago. Net loss was NGN 2,035.12 million compared to net income of NGN 193.2 million a year ago.

Basic loss per share from continuing operations was NGN 1.56 compared to basic earnings per share from continuing operations of NGN 0.15 a year ago.