Arbico Plc reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was NGN 3,370.68 million compared to NGN 1,226.67 million a year ago. Net income was NGN 92.1 million compared to net loss of NGN 1,198.65 million a year ago. Basic earnings per share from continuing operations was NGN 0.62 compared to basic loss per share from continuing operations of NGN 8.07 a year ago.
For the six months, sales was NGN 5,533.03 million compared to NGN 1,997.85 million a year ago. Net income was NGN 942.93 million compared to net loss of NGN 1,000.71 million a year ago. Basic earnings per share from continuing operations was NGN 6.35 compared to basic loss per share from continuing operations of NGN 6.74 a year ago.