BUA Cement grew PBT by 26.52%

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BUA Cement grew profit before tax by 26.52% year-on-year, reaching N40.963 billion according to the information contained in its Q2 2023 results for the period ended June 2023 

 The cement company’s profit after tax leap-frogged to 30.45% year-on-year to N36.815 billion during the same period.

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As a result, the earnings per share for Q2 amounted to N1.09, representing 31.33% year-on-year growth.

  BUA Cement’s positive revenue growth, improved gross profit, and reduction in administrative expenses have positively impacted its profitability. 

However, the sharp increase in net finance costs, especially driven by higher net interest expenses and net losses on exchange, is indeed a significant area of concern for BUA Cement.

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