SCOA Nigeria Plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative sales was NGN 1,240.93 million compared to sales of NGN 625.94 million a year ago. Net loss was NGN 382.65 million compared to NGN 337.38 million a year ago. Basic loss per share from continuing operations was NGN 0.59 compared to NGN 0.52 a year ago.
For the nine months, sales was NGN 2,191.2 million compared to NGN 3,017.62 million a year ago. Net loss was NGN 572.16 million compared to NGN 672.75 million a year ago. Basic loss per share from continuing operations was NGN 0.88 compared to NGN 1.04 a year ago.