UAC of Nigeria PLC reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was NGN 37,153.67 million compared to NGN 31,465.56 million a year ago. Net income was NGN 877.38 million compared to net loss of NGN 1,722.14 million a year ago. Basic earnings per share from continuing operations was NGN 0.3 compared to basic loss per share from continuing operations of NGN 0.61 a year ago. Diluted earnings per share from continuing operations was NGN 0.3 compared to diluted loss per share from continuing operations of NGN 0.61 a year ago. Basic earnings per share was NGN 0.3 compared to basic loss per share of NGN 0.6 a year ago. Diluted earnings per share was NGN 0.3 compared to diluted loss per share of NGN 0.6 a year ago.
For the full year, sales was NGN 118,681.17 million compared to NGN 109,270.4 million a year ago. Net income was NGN 8,076.91 million compared to net loss of NGN 3,078.92 million a year ago. Basic earnings per share from continuing operations was NGN 2.76 compared to basic loss per share from continuing operations of NGN 1.07 a year ago. Diluted earnings per share from continuing operations was NGN 2.76 compared to diluted loss per share from continuing operations of NGN 1.07 a year ago. Basic earnings per share was NGN 2.76 compared to basic loss per share of NGN 1.07 a year ago. Diluted earnings per share was NGN 2.76 compared to diluted loss per share of NGN 1.07 a year ago.