Business

BUA Cement rakes in N74.33bn profit in nine months

BUA Cement Plc has posted a profit before tax (PBT) of N74.33 billion for the third quarter ended September 30.

This was contained in the company’s unaudited financial statement released by the Nigerian Exchange (NGX) Ltd on Tuesday.

The result was signed by the company’s Managing Director, Engr. Binji Yusuf and the Chief Financial Officer, Mr. Jacques Piekarski.

According to the financial statement, the PBT represented a 25.53 per cent growth compared with N59.21 billion achieved in the corresponding period of 2020.

Also, the company’s profit after tax rose to N65.91 billion from N53.49 billion posted in 2020, representing an increase of 23.22 per cent

Its revenue stood at N186.91 billion as against N156.55 billion recorded in the comparative period of 2020, indicating 19.39 per cent increase.

Also, the gross profit increased to N87.25 per cent from N70.26 billion recorded in the comparative period of 2020.

In the same vein, operating profit stood at N75.69 billion from N62.28 billion recorded in the same period of 2020.

 

Editor

Recent Posts

10 winners get N77.5m cash prize at Zenith Bank’s tech fair

A total sum of N77.5 million in prize money was won at the end of…

2 hours ago

Clerics laud Bishop Odedeji at Lagos Anglican Diocese’s 25th anniversary

Bishop Olusola Odedeji of the Anglican Diocese of Lagos West was showered with encomiums for…

2 hours ago

Bode George: Nigerians waiting for PDP to unseat Tinubu in 2027

A former Deputy National Chairman of the Peoples Democratic Party, Bode George, says Nigerians are…

3 hours ago

EPL fixtures: Amorim set for Man United bow as City face Tottenham

Ruben Amorim takes charge of Manchester United for the first time in Sunday's trip to…

3 hours ago

Trump appoints Bondi as U.S. Attorney General after Gaetz withdrawal

United States President-elect Donald Trump has nominated former Florida Attorney General and loyalist Pam Bondi…

4 hours ago

‘I couldn’t leave now’: Guardiola signs new Man City contract

Manchester City manager Pep Guardiola has extended his contract with the Premier League champions for…

4 hours ago

This website uses cookies.