SCOA Nigeria Plc reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was NGN 1,029.09 million compared to NGN 806.46 million a year ago. Net loss was NGN 57.36 million compared to NGN 22.33 million a year ago. Basic loss per share from continuing operations was NGN 0.09 compared to NGN 0.03 a year ago.
For the six months, sales was NGN 2,391.69 million compared to NGN 1,297.93 million a year ago. Net loss was NGN 335.37 million compared to net income of NGN 47.36 million a year ago. Basic loss per share from continuing operations was NGN 0.52.