Seplat Energy Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 91.57 million compared to USD 151.59 million a year ago. Net loss was USD 4.06 million compared to net income of USD 19.39 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
For the nine months, sales was USD 618.6 million compared to USD 460.36 million a year ago. Net income was USD 75.73 million compared to USD 66.36 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.11 a year ago.