May & Baker Nigeria 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 5,518.07 million compared to NGN 3,573.47 million a year ago. Net income was NGN 27.77 million compared to NGN 937.91 million a year ago. Basic earnings per share from continuing operations was NGN 0.0161 compared to NGN 0.5436 a year ago. Diluted earnings per share from continuing operations was NGN 0.0161 compared to NGN 0.5436 a year ago.
For the nine months, sales was NGN 14,301.72 million compared to NGN 10,346.73 million a year ago. Net income was NGN 711.83 million compared to NGN 1,430.25 million a year ago. Basic earnings per share from continuing operations was NGN 0.4126 compared to NGN 0.829 a year ago. Diluted earnings per share from continuing operations was NGN 0.4126 compared to NGN 0.829 a year ago.