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BUA Cement Plc records 39.72% increase in 2020 Q3 revenues

BUA Cement Plc records 39.72% increase in revenues in 2020 Q3.

Published

6 months ago

November 3, 2020

Kalambaina Cement Line 2, BUA Grou BUACEMENT builds Nigeria’s bourse, Investors gain N44.4 billion , Kalambaina Cement, CCNN

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.

Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Rak Unity Petroleum Company Plc reported revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Published

3 months ago

February 2, 2021

Adeyemi Adebayo

Focus: This small-cap oil company is seriously lagging behind

Rak Unity Petroleum Company Plc released its 2021 FY results reporting total revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
The company reported a loss after tax of N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
It reported a loss per share of N1.11 in 2020 compared to N0.26 loss per share reported in 2019.
No dividend announcement was made in their press release.
The company share price of N0.30 unchanged YTD.

See link to results here

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Conoil Plc reported a revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Published

3 months ago

February 2, 2021

Adeyemi Adebayo

Conoil Plc released its 2021 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. –20.9% YoY
The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.
It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. –22.89% YoY.
No dividend announcement was made in their press release.
The company share price of N20.85, up +0.72% YTD.

See link to results here

Nairametrics

BUA Cement Plc records 39.72% increase in 2020 Q3 revenues

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BUA Cement Plc records 39.72% increase in 2020 Q3 revenues

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Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Nairametrics | Company Earnings