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BUA Cement generates N74.33bn profit in 9 months

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Cement Plc

BUA Cement Plc posted profit before tax, PBT, of 74.33 billion naira for the third quarter ended September 30.

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This was included in the company‘s unaudited financial statements released Tuesday by the Nigerian exchange, NGX, Ltd.

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Binji Yusuf

The result was signed by the general manager of the company, Engr. Binji Yusuf and the CFO, Mr. Jacques Piekarski.

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According to the financial statement, the PBT represented a growth of 25.53% from the 59.21 billion naira achieved in the corresponding period of 2020.

In addition, the company’s after-tax profit rose to 65.91 billion naira from 53.49 billion naira in 2020, an increase of 23.22%.

Its revenue was 186.91 billion naira compared to 156.55 billion naira recorded in the comparative period of 2020, indicating an increase of 19.39%.

In addition, gross profit increased to 87.25%, compared to N70.26 billion recorded in the comparative period of 2020.

On a related note, operating profit stood at N75.69 billion compared to N62.28 billion recorded in the same period of 2020.

NOPE

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