Arbico reports NGN108 million loss for Q2


Arbico PLC, a construction and civil engineering with interest in investment in and operation of infrastructure is reporting NGN108.1 million loss for the second quarter of the year compared to NGN55.9 million profit recorded in the same period 2016.

The company ended the quarter with NGN2.4 billion revenue in contrast to 1NGN.9 billion in the previous year and gross profit of NGN389.1 million against NGN342.2 million in the year before.

Arbico plc said its total assets for the period was NGN5.4 billion in contrast to NGN4.5 billion in 2016 and total liabilities was 5.4 billion versus NGN4.4 billion in the previous year.

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