UAC of Nigeria PLC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 28,250.04 million compared to NGN 24,376.44 million a year ago. Net income was NGN 2,406.23 million compared to net loss of NGN 1,043.47 million a year ago. Basic earnings per share from continuing operations was NGN 0.82 compared to basic loss per share from continuing operations of NGN 0.35 a year ago. Diluted earnings per share from continuing operations was NGN 0.82 compared to diluted loss per share from continuing operations of NGN 0.35 a year ago. Basic earnings per share was NGN 0.82 compared to basic loss per share of NGN 0.36 a year ago. Diluted earnings per share was NGN 0.82 compared to diluted loss per share of NGN 0.36 a year ago.
For the six months, sales was NGN 52,870.14 million compared to NGN 52,042.14 million a year ago. Net income was NGN 1,548.78 million compared to net loss of NGN 526.75 million a year ago. Basic earnings per share from continuing operations was NGN 0.53 compared to basic loss per share from continuing operations of NGN 0.17 a year ago. Diluted earnings per share from continuing operations was NGN 0.53 compared to diluted loss per share from continuing operations of NGN 0.17 a year ago. Basic earnings per share was NGN 0.53 compared to basic loss per share of NGN 0.18 a year ago. Diluted earnings per share was NGN 0.53 compared to diluted loss per share of NGN 0.18 a year ago.