BUA Cement Makes N74.33 Billion in Profit in Nine Months
For the third quarter ended September 30, BUA Cement Plc reported a profit before tax (PBT) of N74.33 billion.
This was revealed in the company’s unaudited financial statement, which was disclosed on Tuesday by the Nigerian Exchange (NGX) Ltd.
According to the financial statement, the PBT increased by 25.53 percent from N59.21 billion in the prior year’s similar period.
In addition, the company’s earnings after tax increased by 23.22 percent to N65.91 billion in 2020 from N53.49 billion the previous year.
Its revenue was N186.91 billion, up from N156.55 billion in the previous year’s comparative period, indicating a 19.39 percent rise.
In addition, the gross profit climbed to N87.25 billion from N70.26 billion in the prior year’s comparative period.
Similarly, operating profit increased to N75.69 billion from N62.28 billion in the same period in 2020.