Arbico Plc announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was NGN 957.757 million compared to NGN 1,411.924 million a year ago. Net income was NGN 1,164.641 million compared to net loss of NGN 64.728 million a year ago. Basic earnings per share was NGN 7.84 compared to basic loss per share of NGN 0.44 a year ago. Diluted earnings per share was NGN 7.98 compared to diluted loss per share of NGN 0.44 a year ago. For the half year, sales was NGN 3,154.227 million compared to NGN 2,630.530 million a year ago. Net income was NGN 80.388 million compared to net loss of NGN 36.862 million a year ago. Basic earnings per share was NGN 0.54 compared to basic loss per share of NGN 0.25 a year ago.