The Initiates Plc reported earnings results for the fourth quarter ended December 31, 2021. For the fourth quarter, the company reported sales was NGN 175.83 million compared to NGN 114.86 million a year ago. Net income was NGN 6.47 million compared to NGN 21.28 million a year ago.

Basic earnings per share from continuing operations was NGN 0.01 compared to NGN 0.02 a year ago.