UPDC Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 1,306.83 million compared to NGN 356.72 million a year ago. Net loss was NGN 83.77 million compared to NGN 211.61 million a year ago.
For the six months, sales was NGN 2,149.95 million compared to NGN 1,137.5 million a year ago. Net loss was NGN 251.97 million compared to NGN 106.47 million a year ago. Basic loss per share from continuing operations was NGN 0.01 compared to NGN 0.01 a year ago. Diluted loss per share from continuing operations was NGN 0.01 compared to NGN 0.01 a year ago. Basic loss per share was NGN 0.01 compared to NGN 0.01 a year ago. Diluted loss per share was NGN 0.01 compared to NGN 0.01 a year ago.