Nigerian Enamelware PLC reported earnings results for the second quarter and six months ended October 31, 2023. For the second quarter, the company reported sales was NGN 62.16 million compared to NGN 73.36 million a year ago. Net loss was NGN 37.56 million compared to net income of NGN 2.6 million a year ago. Basic loss per share from continuing operations was NGN 0.49 compared to basic earnings per share from continuing operations of NGN 0.03 a year ago.
For the six months, sales was NGN 117.78 million compared to NGN 139.11 million a year ago. Net loss was NGN 106.42 million compared to NGN 12.75 million a year ago. Basic loss per share from continuing operations was NGN 1.4 compared to NGN 0.17 a year ago.