SCOA Nigeria Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 1,473.11 million compared to NGN 1,362.6 million a year ago. Net loss was NGN 101.97 million compared to NGN 278 million a year ago.

Basic loss per share from continuing operations was NGN 0.16 compared to NGN 0.43 a year ago.