Livestock Feeds Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 4,891.7 million compared to NGN 3,557.35 million a year ago. Net income was NGN 16.91 million compared to net loss of NGN 113.49 million a year ago. Basic earnings per share from continuing operations was NGN 0.0085 compared to basic loss per share from continuing operations of NGN 0.0452 a year ago. Diluted earnings per share from continuing operations was NGN 0.0085 compared to diluted loss per share from continuing operations of NGN 0.0452 a year ago.
For the six months, sales was NGN 9,741.09 million compared to NGN 7,192.36 million a year ago. Net income was NGN 37.38 million compared to net loss of NGN 95.37 million a year ago. Basic earnings per share from continuing operations was NGN 0.0125 compared to basic loss per share from continuing operations of NGN 0.0318 a year ago. Diluted earnings per share from continuing operations was NGN 0.0125 compared to diluted loss per share from continuing operations of NGN 0.0318 a year ago.