SCOA Nigeria Plc reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was NGN 961.47 million compared to NGN 7,992.87 million a year ago. Net income was NGN 421.91 million compared to net loss of NGN 495.46 million a year ago. Basic earnings per share from continuing operations was NGN 0.6 compared to basic loss per share from continuing operations of NGN 0.49 a year ago. Diluted earnings per share from continuing operations was NGN 0.6 compared to diluted loss per share from continuing operations of NGN 0.49 a year ago.
For the full year, sales was NGN 3,979.1 million compared to NGN 15,191.21 million a year ago. Net loss was NGN 362.18 million compared to net income of NGN 180.78 million a year ago. Basic loss per share from continuing operations was NGN 0.48.