BUSINESS

Arbico Runs Into N1billion Loss In H1 2021

Arbico Plc, a full service building and civil engineering construction company has released its unaudited financial statement for period ended 30th June 2021 with a descend  into N1.003 billion loss from N77.410 million profit in H1 2020.

Loss in the second quarter also increased to N1.684 billion from N822.220 million in Q2 2020.)

While revenue for the half year dropped to N1.998 billion from N3.154 billion in H1 2020, it dropped to N1.227 billion in Q2 2021 from N957.757 million in Q2 2020.

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