Livestock Feeds 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 4,595.07 million compared to NGN 3,990.6 million a year ago. Net income was NGN 1.9 million compared to net loss of NGN 143.91 million a year ago. Basic earnings per share from continuing operations was NGN 0.0009 compared to basic loss per share from continuing operations of NGN 0.048 a year ago. Diluted earnings per share from continuing operations was NGN 0.0009 compared to diluted loss per share from continuing operations of NGN 0.048 a year ago.
For the nine months, sales was NGN 14,336.16 million compared to NGN 11,182.96 million a year ago. Net income was NGN 39.28 million compared to net loss of NGN 239.28 million a year ago. Basic earnings per share from continuing operations was NGN 0.0131 compared to basic loss per share from continuing operations of NGN 0.0798 a year ago. Diluted earnings per share from continuing operations was NGN 0.0131 compared to diluted loss per share from continuing operations of NGN 0.0798 a year ago.