BUA records N156bn revenue in 9 months | Dailytrust

BUA records N156bn revenue in 9 months

BUA Cement, one of Africa’s largest cement producers, has declared revenue of N156.6 billion in its 2020 third quarter (Q3) financial results for the 9-months ended, September 2020 – an increase of 21 per cent from N129.4bn in the corresponding period of 2019.

In its filing to the Nigerian Stock Exchange (NSE), BUA said its Profit After Tax (PAT) also grew by 24% to N53.57bn from the corresponding period in 2019.

Speaking on the result, the Managing Director/CEO of BUA, Engr. Yusuf Binji said: “This has been a very resilient performance, underpinned by the continued quality that characterises the BUA Cement product offerings as we see more end-users able to differentiate the attendant benefits of using our products.

“Expectedly, we witnessed a resurging demand from a resilient private sector – within and outside Nigeria, as the lockdown was eased, coupled with a short rainy season: despite flooding in some parts of Nigeria and Niger”.

He said despite 2020 being a challenging year, the company has been buoyed by a growing customer base aided by the deliberate decision to focus on quality.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
Media Trust Ltd

Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410