Arbico 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 1,426.76 million compared to NGN 1,542.78 million a year ago. Net loss was NGN 1,089.03 million compared to net income of NGN 476.1 million a year ago. Basic loss per share from continuing operations was NGN 7.33 compared to basic earnings per share from continuing operations of NGN 3.21 a year ago. Diluted loss per share from continuing operations was NGN 7.33 compared to diluted earnings per share from continuing operations of NGN 3.21 a year ago.
For the full year, sales was NGN 8,447.46 million compared to NGN 5,248.07 million a year ago. Net income was NGN 181.81 million compared to NGN 25.04 million a year ago. Basic earnings per share from continuing operations was NGN 1.22. Diluted earnings per share from continuing operations was NGN 1.22.