Chams Plc reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was NGN 1,383.65 million compared to NGN 808.48 million a year ago. Net loss was NGN 54.37 million compared to net income of NGN 110.47 million a year ago. Basic loss per share from continuing operations was NGN 0.0116 compared to basic earnings per share from continuing operations of NGN 0.024 a year ago. Diluted loss per share from continuing operations was NGN 0.0116 compared to diluted earnings per share from continuing operations of NGN 0.024 a year ago.
For the full year, sales was NGN 4,542.81 million compared to NGN 3,324.75 million a year ago. Net loss was NGN 278.86 million compared to NGN 299.97 million a year ago. Basic loss per share from continuing operations was NGN 0.0594 compared to NGN 0.0639 a year ago. Diluted loss per share from continuing operations was NGN 0.0594 compared to NGN 0.0639 a year ago.