Morison 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 52.89 million compared to NGN 34.77 million a year ago. Net loss was NGN 7.91 million compared to NGN 24.49 million a year ago. Basic loss per share from continuing operations was NGN 0.008 compared to NGN 0.0248 a year ago.
For the nine months, sales was NGN 109.18 million compared to NGN 121.72 million a year ago. Net loss was NGN 56.08 million compared to NGN 70.24 million a year ago. Basic loss per share from continuing operations was NGN 0.0567 compared to NGN 0.071 a year ago.