Arbico Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NGN 4,241.77 million compared to NGN 1,699.52 million a year ago. Net loss was NGN 1,271.95 million compared to net income of NGN 35.62 million a year ago.
For the nine months, sales was NGN 9,774.8 million compared to NGN 3,697.37 million a year ago. Net income was NGN 73.57 million compared to NGN 126.95 million a year ago. Basic earnings per share from continuing operations was NGN 0.5 compared to NGN 0.85 a year ago.