Bua Cement plc Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021
Share
BUA Cement Plc announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was NGN 61,192.879 million compared to NGN 53,969.024 million a year ago. Operating income was NGN 25,649.494 million compared to NGN 20,984.177 million a year ago. Net income was NGN 22,366.617 million compared to NGN 19,789.690 million a year ago. Basic earnings per share from continuing operations was NGN 0.66 compared to NGN 0.58 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 
