BUA Cement Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 11:03 am EDT
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BUA Cement Plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NGN 114,796.38 million compared to NGN 74,036.51 million a year ago. Net income was NGN 12,448.96 million compared to NGN 12,650.75 million a year ago. Basic earnings per share from continuing operations was NGN 0.37 compared to NGN 0.37 a year ago.
For the nine months, sales was NGN 335,862.91 million compared to NGN 262,598.02 million a year ago. Net income was NGN 76,065.15 million compared to NGN 74,014.5 million a year ago. Basic earnings per share from continuing operations was NGN 2.25 compared to NGN 2.19 a year ago.
BUA Cement Plc is a Nigeria-based company, which is a cement producer. The Company is engaged in manufacturing and sales of cement to the general public. These activities are conducted primarily in Nigeria. The Company is focused on the production and marketing of cement under the brand name BUA Cement. The Company produces the CEM II type of cement in accordance with the Nigerian Industrial Standards. Its facilities include BUA Cement Plant, Edo and BUA Cement Plant, Sokoto. BUA Cement (Sokoto) is primarily engaged in the business of quarrying, extracting, processing and dealing in limestone, as well as the manufacture and supply of cement. The cement plant is located in Sokoto state, Nigeria. Its depots are located in Lagos, Abuja, Ilorin, Ibadan and Sagamu. It operates the cement industry in Northwest, Southeast and South Nigeria with a production capacity of 11 million metric tons per annum and plants in Sokoto and Edo State, Nigeria.
BUA CEMENT PLC 
