Geregu Power Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 20,465.94 million compared to NGN 15,263.75 million a year ago. Net income was NGN 4,505.66 million compared to NGN 3,595 million a year ago. Basic earnings per share from continuing operations was NGN 1.8 compared to NGN 1.44 a year ago. Diluted earnings per share from continuing operations was NGN 1.8 compared to NGN 1.44 a year ago.
For the six months, sales was NGN 34,696.42 million compared to NGN 33,800.97 million a year ago. Net income was NGN 8,053.88 million compared to NGN 9,102.09 million a year ago. Basic earnings per share from continuing operations was NGN 3.22 compared to NGN 3.64 a year ago. Diluted earnings per share from continuing operations was NGN 3.22 compared to NGN 3.64 a year ago.