Nigerian Enamelware Plc reported earnings results for the second quarter and six months ended October 31, 2022. For the second quarter, the company reported sales was NGN 73.36 million compared to NGN 142.67 million a year ago. Net income was NGN 2.6 million compared to net loss of NGN 59.86 million a year ago. Basic earnings per share from continuing operations was NGN 0.03 compared to basic loss per share from continuing operations of NGN 0.79 a year ago.
For the six months, sales was NGN 139.11 million compared to NGN 239.85 million a year ago. Net loss was NGN 12.75 million compared to NGN 97.62 million a year ago. Basic loss per share from continuing operations was NGN 0.17 compared to NGN 1.28 a year ago.