Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account


{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
BUA posts N101b half-year result
#1
BUA posts N101b half-year result
August 4, 2020


[/url][Image: BUA-founder-ABDULSAMAD-RABIU.jpg]

• BUA Chairman Abdulsamad Rabiu








CEMENT producer BUA Cement, on Monday, announced an impressive 2020 half-year revenue of N101.3 billion and a Profit after Tax (PAT) of N34.82 billion.

These represent an increase of 12.7 per cent and 13.74 per cent, from the corresponding period of 2019.

BUA Cement Managing Director Yusuf Binji said the company’s continued impressive performance in 2020 despite the challenging operating environment caused by the covid-19 pandemic was a pointer to the value and strength of the BUA Cement brand and its product offerings.

Read Also: [url=https://thenationonlineng.net/bua-cement-revenue-up-25-1/]BUA Cement revenue up 25.1%

He added that it was also a nod to the excellent implementation of the company’s Business Continuity Plan, which ensured that BUA Cement was able to withstand the impact of the pandemic in the period under review.

“Our resilient performance continues to showcase the value and strength in our product offering, alongside our strategic business model. Our revenue increased by 12.7 per cent to N101.3 billion, from the corresponding period in 2019. Our operating profits increased by 7.0 per cent, from N38.1 billion in H1’2019, to N40.8 billion in H1’2020. Equally, EBITDA margin improved in this quarter to 48.1 per cent – an improvement from 45.6 per cent in Q1, 2020,” Binji said.
Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  GTB posts N167.4b pre-tax profit in nine months Edoman 0 10 11-23-2020, 08:44 AM
Last Post: Edoman
  AIICO posts 27% growth in gross premium in Q3 Edoman 0 30 11-13-2020, 10:06 AM
Last Post: Edoman
  FG Puts Nine-Year-Old Presidential Jet On Sale Edoman 0 104 09-24-2020, 11:16 AM
Last Post: Edoman
  CBN sees $29.9b to $34.3b reserves by year-end Edoman 0 102 09-21-2020, 06:30 PM
Last Post: Edoman
  GTB posts N109.7b profit in first half •To pay N8.83b interim dividend September 4, 2 Edoman 1 160 09-14-2020, 12:00 AM
Last Post: Mueeidkhatri
  Zenith Bank posts N103.8 billion half-year PAT September 4, 2020 Zenith Bank Edoman 1 167 09-14-2020, 12:00 AM
Last Post: Mueeidkhatri
Music FCMB Group Records Half Year Results as Profit Before Tax Rose by 26% to N11.1billio Edoman 0 170 08-05-2020, 05:36 PM
Last Post: Edoman
  MTN Nigeria posts 4.7% decline in profit after tax Edoman 0 171 07-31-2020, 04:15 PM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)

{myadvertisements[zone_2]}

About contripeople

Contripeople forum description.

              Quick Links

              User Links

              Advertise