Arbico plc Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 01, 2020 at 10:04 am EST
Arbico Plc announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was NGN 762.122 million compared to NGN 1,442.528 million a year ago. Operating loss was NGN 513.672 million compared to operating Income of NGN 179.499 million a year ago. Net loss was NGN 510.540 million compared to net income of NGN 178.682 million a year ago. Basic loss per share from continuing operations was NGN 3.44 compared to basic earnings per share from continuing operations of NGN 1.2 a year ago. For the nine months, sales was NGN 3,916.349 million compared to NGN 4,073.058 million a year ago. Operating loss was NGN 436.263 million compared to operating Income of NGN 142.235 million a year ago. Net loss was NGN 430.152 million compared to net income of NGN 142.138 million a year ago. Basic loss per share from continuing operations was NGN 2.9 compared to basic earnings per share from continuing operations of NGN 0.96 a year ago.