UAC of Nigeria PLC announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was NGN 23,407.520 million compared to NGN 22,785.000 million a year ago. Operating income was NGN 1,146.665 million compared to NGN 1,804.519 million a year ago. Net income was NGN 2,950.996 million compared to net loss of NGN 5,333.410 million a year ago. Basic earnings per share from continuing operations was NGN 0.29 compared to NGN 0.39 a year ago. Basic earnings per share was NGN 0.76 compared to basic loss per share of NGN 1.95 a year ago. For the full year, sales was NGN 83,955.230 million compared to NGN 76,558.416 million a year ago. Operating income was NGN 5,781.487 million compared to NGN 4,976.416 million a year ago. Net loss was NGN 5,673.948 million compared to NGN 6,048.186 million a year ago. Basic earnings per share from continuing operations was NGN 1.52 compared to NGN 1.25 a year ago. Basic loss per share was NGN 1.97 compared to NGN 2.1 a year ago.