The Initiates Plc reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was NGN 842.82 million compared to NGN 333.9 million a year ago. Net income was NGN 69 million compared to NGN 83.7 million a year ago.

Basic earnings per share from continuing operations was NGN 0.08 compared to basic loss per share from continuing operations of NGN 0.09 a year ago.