Aluminium Extrusion Industries Plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NGN 463.32 million compared to NGN 673.99 million a year ago. Net loss was NGN 125.49 million compared to net income of NGN 3.26 million a year ago. Basic loss per share from continuing operations was NGN 0.57 compared to basic earnings per share from continuing operations of NGN 0.02 a year ago.
For the nine months, sales was NGN 1,454.52 million compared to NGN 1,814.89 million a year ago. Net loss was NGN 206.61 million compared to net income of NGN 29.03 million a year ago. Basic loss per share from continuing operations was NGN 0.94 compared to basic earnings per share from continuing operations of NGN 0.13 a year ago.