Arbico plc Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 29, 2020 at 03:20 pm EDT
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.