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    BUACEMENT   NGBUACEMENT3

BUA CEMENT PLC

(BUACEMENT)
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BUA Cement : Chairman Offers Employees N2 Billion Bonus

07/05/2021 | 11:06am EDT

Abdul Samad Rabiu, the largest shareholder and Chairman of BUA Cement Plc has announced a share bonus gift from his pool of shares for employees of the company worth about N2 billion.

This, Rabiu said was in recognition of the workers' effort to keep the company profitable despite the pandemic and predictions of a tough year.

The company disclosed this in a statement.

It explained that despite the pandemic, BUA Cement remained one of the most profitable companies in Nigeria. It had declared a profit after tax of N72.3 billion, representing a 19.4 per cent increase over the corresponding period in 2019.

Rabiu was quoted to have said it was important to recognise the effort of key staff who worked tirelessly despite the pandemic to keep the company on a strong footing even as the company was better placed to stay profitable for the foreseeable future.

"As we head into another year of record profits, this share bonus for our employees is only the right thing to do. By doing so, our core employees are better placed to benefit from BUA Cement's future successes which they continue to help deliver", Rabiu added.

Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2021 249 B 608 M 608 M
Net income 2021 83 181 M 203 M 203 M
Net Debt 2021 36 792 M 89,8 M 89,8 M
P/E ratio 2021 29,3x
Yield 2021 2,64%
Capitalization 2 438 B 5 934 M 5 949 M
EV / Sales 2021 9,93x
EV / Sales 2022 8,86x
Nbr of Employees 1 001
Free-Float 1,61%
Chart BUA CEMENT PLC
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BUA Cement Plc Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 4
Last Close Price 72,00 NGN
Average target price 42,90 NGN
Spread / Average Target -40,4%
EPS Revisions
Managers and Directors
Yusuf Haliru Binji Chief Executive Officer, MD & Director
Jacques Piekarski Chief Financial Officer & Executive Director
Abdul Samad Rabiu Chairman
Khairat AbdulRazaq-Gwadabe Independent Non-Executive Director
Shehu Abubakar Independent Non-Executive Director
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