Arbico plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 29, 2021 at 10:03 am EST
Arbico Plc announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was NGN 1,642.006 million compared to NGN 2,002.402 million a year ago. Net income was NGN 49.407 million compared to NGN 1,627.397 million a year ago. Basic earnings per share from continuing operations was NGN 0.33 compared to NGN 10.96 a year ago. For the full year, sales was NGN 5,558.355 million compared to NGN 6,080.294 million a year ago. Net loss was NGN 485.685 million compared to net income of NGN 528.140 million a year ago. Basic loss per share from continuing operations was NGN 3.27 compared to basic earnings per share from continuing operations of NGN 3.56 a year ago.