BUA Cement Grows Profit By 12.3% To N74b In Nine Months

By NewsBits

BUA Cement Plc has released its statement of profit or loss and other comprehensive income for the third quarter ended September 30, 2022, with 12.3% rise in profit after taxes to N74.014 billion from N65.906 billion in nine months.

Revenue for the nine months rose to N262.598 billion from N186.905 billion in 2021. Result for the three months ended 30th September 2022 showed 43.8% drop in profit after taxes to N12.651 billion from N22.510 billion in Q3 2021. Revenue for the Q3 however rose to N74.037 billion from N62.627 billion in 2021.

BUA Cement PLC is a publicly listed firm headquartered in Nigeria, it produces and markets cement products in the country. It is the second largest producer in Nigeria after Dangote Cement.

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