The Initiates Plc reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was NGN 209.47 million compared to NGN 112.13 million a year ago. Net income was NGN 20.98 million compared to NGN 19.67 million a year ago.

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