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    BUACEMENT   NGBUACEMENT3

BUA CEMENT PLC

(BUACEMENT)
  Report
End-of-day quote Nigerian Stock Exchange  -  2022-09-26
50.45 NGN    0.00%
07/28Bua Cement : Quarter 2 - financial statement for 2022
PU
07/25Bua Cement : Quarter 2 - financial statement for 2022
PU
07/25BUA Cement Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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BUA CEMENT : BUA CEMENT PLC CONTEMPLATES CAPITAL RAISING FOR ITS CAPACITY EXPANSION

07/25/2022 | 10:14am EDT

Lagos 25th July, 2022

BUA CEMENT PLC CONTEMPLATES CAPITAL RAISING FOR ITS CAPACITY EXPANSION

In furtherance of our disclosure obligations pursuant to Chapter 17 of the Rulebook , BUA CEMENT PLC (BUA CEMENT or the COMPANY) hereby notifies Nigerian Exchange Limited (NGX), its esteemed Shareholders and the investing public that the Company has gone into discussion with the International Finance Corporation (IFC), serving as lead arranger in conjunction with a number of other lenders in a syndication pool, to obtain a loan for the expansion of BUA Cement's integrated cement plant in Kalambaina, Sokoto State, Nigeria which shall include increasing its capacity from 2.0 million tons per annum (MTPA) to 8.0 MTPA and the development of other ancillary utilities (the Expansion Project);

Please be assured that the Company shall notify NGX and the investing public on any further developments.

FOR BUA CEMENT PLC.

Hauwa Garba Satomi

Deputy Company Secretary

Disclaimer

BUA Cement plc published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 14:13:01 UTC.


© Publicnow 2022
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Financials
Sales 2022 334 B 773 M 773 M
Net income 2022 108 B 250 M 250 M
Net cash 2022 736 M 1,71 M 1,71 M
P/E ratio 2022 15,9x
Yield 2022 4,56%
Capitalization 1 708 B 3 961 M 3 961 M
EV / Sales 2022 5,12x
EV / Sales 2023 4,54x
Nbr of Employees 1 091
Free-Float 58,0%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 3
Last Close Price 50,45 NGN
Average target price 43,91 NGN
Spread / Average Target -13,0%
EPS Revisions
Managers and Directors
Yusuf Haliru Binji Chief Executive Officer, MD & Director
Jacques Piekarski Chief Financial Officer & Executive Director
Chikezie Ajaero Finance Director
Abdul-Samad Isyaku Rabiu Chairman
Khairat AbdulRazaq-Gwadabe Independent Non-Executive Director
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