Livestock Feeds Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NGN 3,990.6 million compared to NGN 3,718.76 million a year ago. Net loss was NGN 114.37 million compared to net income of NGN 82.64 million a year ago. Basic loss per share from continuing operations was NGN 0.0381 compared to basic earnings per share from continuing operations of NGN 0.0275 a year ago. Diluted loss per share from continuing operations was NGN 0.0381 compared to diluted earnings per share from continuing operations of NGN 0.0275 a year ago.
For the nine months, sales was NGN 11,182.96 million compared to NGN 10,720.51 million a year ago. Net loss was NGN 209.74 million compared to net income of NGN 420.56 million a year ago. Basic loss per share from continuing operations was NGN 0.0699 compared to basic earnings per share from continuing operations of NGN 0.1402 a year ago. Diluted loss per share from continuing operations was NGN 0.0699 compared to diluted earnings per share from continuing operations of NGN 0.1402 a year ago.