Livestock Feeds Plc reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was NGN 3,557.35 million compared to NGN 3,646.06 million a year ago. Net loss was NGN 122.03 million compared to net income of NGN 161.38 million a year ago. Basic loss per share from continuing operations was NGN 0.0407 compared to basic earnings per share from continuing operations of NGN 0.0584 a year ago. Diluted loss per share from continuing operations was NGN 0.0407 compared to diluted earnings per share from continuing operations of NGN 0.0584 a year ago.
For the six months, sales was NGN 7,192.36 million compared to NGN 7,001.74 million a year ago. Net loss was NGN 95.37 million compared to net income of NGN 337.92 million a year ago. Basic loss per share from continuing operations was NGN 0.0318 compared to basic earnings per share from continuing operations of NGN 0.1126 a year ago. Diluted loss per share from continuing operations was NGN 0.0318 compared to diluted earnings per share from continuing operations of NGN 0.1126 a year ago.