BUA Cement Plc reported revenues of N55.29 billion in 2020 Q3 compared to N39.57 billion in the corresponding period of 2019 – 39.72% increase.
READ: R.T. Briscoe declares N618.9 million loss in H1 2020, as sales of vehicles fall
Key highlights for 2020 Q3
- Revenues increased to N55.29 billion, +39.72% YoY.
- Other income increased to N2.13 billion, +18.99% YoY.
- Selling and distribution cost increased to N3.29 billion, +29.94% YoY.
- Finance cost declined to N1.23 billion, –14.55% YoY.
- Pre-tax profits increased to N20.32 billion, +39.86% YoY.
- Earnings Per Share increased to 55 kobo, +48.65% YoY.
READ: Berger Paints Nigeria Plc records 8.96% increase in 2020 9M revenues
Bottom Line: BUA Cement Plc recorded a boost from an increase in cement sales. Profits also increased in the third quarter despite rising expenses, thanks to increased Other income and reduced finance costs.
Follow us for Breaking News and Market Intelligence.
