Morison Industries Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 31.04 million compared to NGN 55.57 million a year ago. Net loss was NGN 21.47 million compared to NGN 12.56 million a year ago.

Basic loss per share from continuing operations was NGN 0.02 compared to NGN 0.02 a year ago.