Headlines
BUA Cement generates N74.33bn profit in 9 months
Cement Plc
BUA Cement Plc posted profit before tax, PBT, of 74.33 billion naira for the third quarter ended September 30.
This was included in the company‘s unaudited financial statements released Tuesday by the Nigerian exchange, NGX, Ltd.
Binji Yusuf
The result was signed by the general manager of the company, Engr. Binji Yusuf and the CFO, Mr. Jacques Piekarski.
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.
