Aluminium Extrusion Industries Plc reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was NGN 822.18 million compared to NGN 615.05 million a year ago. Net income was NGN 6.92 million compared to net loss of NGN 45.45 million a year ago. Basic earnings per share from continuing operations was NGN 0.03.
For the full year, sales was NGN 2,637.07 million compared to NGN 2,635.24 million a year ago. Net income was NGN 35.95 million compared to NGN 66.94 million a year ago. Basic earnings per share from continuing operations was NGN 0.16 compared to NGN 0.31 a year ago.