UPDC Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 843.12 million compared to NGN 780.78 million a year ago. Net loss was NGN 168.2 million compared to net income of NGN 105.14 million a year ago.

Basic loss per share from continuing operations was NGN 0.01 compared to basic earnings per share from continuing operations of NGN 0.01 a year ago. Diluted loss per share from continuing operations was NGN 0.01 compared to diluted earnings per share from continuing operations of NGN 0.01 a year ago. Basic loss per share was NGN 0.01 compared to basic earnings per share of NGN 0.01 a year ago.

Diluted loss per share was NGN 0.01 compared to diluted earnings per share of NGN 0.01 a year ago.