BUA Cement Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 07:04 am EDT
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BUA Cement Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 114,714.18 million compared to NGN 91,573.11 million a year ago. Net income was NGN 36,815.48 million compared to NGN 28,221.42 million a year ago. Basic earnings per share from continuing operations was NGN 1.09 compared to NGN 0.83 a year ago.
For the six months, sales was NGN 221,066.53 million compared to NGN 188,561.51 million a year ago. Net income was NGN 63,616.19 million compared to NGN 61,363.75 million a year ago. Basic earnings per share from continuing operations was NGN 1.88 compared to NGN 1.81 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 in Sokoto state, Nigeria. Its depots are in Lagos, Abuja, Ilorin, Ibadan and Sagamu. It operates the cement industry in Northwest, Southeast and South Nigeria with a production capacity of approximately 11 million metric tons per annum and plants in Sokoto and Edo State, Nigeria.
BUA CEMENT PLC 
