Nigerian Enamelware PLC reported earnings results for the third quarter and nine months ended January 31, 2024. For the third quarter, the company reported sales was NGN 160.31 million compared to NGN 36.14 million a year ago. Net income was NGN 13.25 million compared to net loss of NGN 5.03 million a year ago. Basic earnings per share from continuing operations was NGN 0.17 compared to basic loss per share from continuing operations of NGN 0.07 a year ago.
For the nine months, sales was NGN 278.09 million compared to NGN 175.25 million a year ago. Net loss was NGN 93.17 million compared to NGN 17.79 million a year ago. Basic loss per share from continuing operations was NGN 1.23 compared to NGN 0.23 a year ago.