Earnings Update – LIVESTOCK Q1 2022 Profitability Hampered by Rising Cost

LIVESTOCK’s topline grew by 8.32% YoY to NGN3.64bn in Q1:2022 from NGN3.36bn in Q1:2021. The
double-digit growth recorded from the Southwestern market (+26.91% YoY) was largely responsible for the positive
topline growth as revenue from the Eastern and Northern markets came in lower by 16.12% YoY and 14.43% YoY,
respectively.

Earnings Update – LIVESTOCK Q1 2022

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