UAC of Nigeria PLC reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 24,620.1 million compared to NGN 27,665.7 million a year ago. Net loss was NGN 857.45 million compared to net income of NGN 516.72 million a year ago.

Basic loss per share from continuing operations was NGN 0.29 compared to basic earnings per share from continuing operations of NGN 0.18 a year ago. Diluted loss per share from continuing operations was NGN 0.29 compared to diluted earnings per share from continuing operations of NGN 0.18 a year ago. Basic loss per share was NGN 0.29 compared to basic earnings per share of NGN 0.18 a year ago.

Diluted loss per share was NGN 0.29 compared to diluted earnings per share of NGN 0.18 a year ago.