UAC of 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 24,376.44 million compared to NGN 24,477.7 million a year ago. Net loss was NGN 1,043.47 million compared to NGN 185.26 million a year ago. Basic loss per share from continuing operations was NGN 0.35 compared to NGN 0.07 a year ago. Diluted loss per share from continuing operations was NGN 0.35 compared to NGN 0.07 a year ago. Basic loss per share was NGN 0.36 compared to NGN 0.07 a year ago. Diluted loss per share was NGN 0.36 compared to NGN 0.07 a year ago.
For the six months, sales was NGN 52,042.14 million compared to NGN 46,499.5 million a year ago. Net loss was NGN 526.75 million compared to net income of NGN 156.02 million a year ago. Basic loss per share from continuing operations was NGN 0.17 compared to basic earnings per share from continuing operations of NGN 0.05 a year ago. Diluted loss per share from continuing operations was NGN 0.17 compared to diluted earnings per share from continuing operations of NGN 0.05 a year ago. Basic loss per share was NGN 0.18 compared to basic earnings per share of NGN 0.05 a year ago. Diluted loss per share was NGN 0.18 compared to diluted earnings per share of NGN 0.05 a year ago.