University Press Plc reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was NGN 267.54 million compared to NGN 415.01 million a year ago. Net loss was NGN 110.34 million compared to net income of NGN 39.97 million a year ago. Basic loss per share from continuing operations was NGN 0.26 compared to basic earnings per share from continuing operations of NGN 0.09 a year ago. Diluted loss per share from continuing operations was NGN 0.26 compared to diluted earnings per share from continuing operations of NGN 0.09 a year ago.
For the nine months, sales was NGN 2,015.08 million compared to NGN 1,984.47 million a year ago. Net income was NGN 220.21 million compared to NGN 255.17 million a year ago. Basic earnings per share from continuing operations was NGN 0.51 compared to NGN 0.59 a year ago. Diluted earnings per share from continuing operations was NGN 0.51 compared to NGN 0.59 a year ago.