Arbico Plc records a loss of N1 billion in half year 2021.

Arbico Plc released its unaudited financial statements for the period ended June 30, 2021.

  • Revenue for the period was N2 billion. (-37.7% YoY)
  • Cost of sales was N1.53 billion. (-70.8% YoY)
  • Operating expenses totalled N1.52 billion. (+228.3% YoY)
  • Loss for the period was N1 billion
  • Loss per share of 6.74 kobo. (-1,348% YoY)
  • Total assets for the period stood at N7.9 billion.

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