Caverton Offshore Support Group 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 6,009.15 million compared to NGN 9,909.2 million a year ago. Net loss was NGN 405.28 million compared to net income of NGN 466.16 million a year ago. Basic loss per share from continuing operations was NGN 0.12 compared to basic earnings per share from continuing operations of NGN 0.14 a year ago.
For the six months, sales was NGN 13,960.17 million compared to NGN 18,069.1 million a year ago. Net income was NGN 200.93 million compared to NGN 772.81 million a year ago. Basic earnings per share from continuing operations was NGN 0.06 compared to NGN 0.23 a year ago.