SCOA Nigeria Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NGN 625.94 million compared to NGN 1,449.62 million a year ago. Net loss was NGN 203.17 million compared to net income of NGN 60.57 million a year ago. Basic loss per share from continuing operations was NGN 0.31 compared to basic earnings per share from continuing operations of NGN 0.09 a year ago.
For the nine months, sales was NGN 3,017.62 million compared to NGN 7,198.34 million a year ago. Net loss was NGN 440.45 million compared to net income of NGN 368.09 million a year ago. Basic loss per share from continuing operations was NGN 1.04 compared to basic earnings per share from continuing operations of NGN 0.57 a year ago.