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BUA Cement Plc records 39.72% increase in 2020 Q3 revenues

Adeyemi Adebayo by Adeyemi Adebayo
November 3, 2020
in Business News
Kalambaina Cement Line 2, BUA Grou BUACEMENT builds Nigeria’s bourse, Investors gain N44.4 billion , Kalambaina Cement, CCNN
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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  

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  • 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.  


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Adeyemi Adebayo

Adeyemi Adebayo

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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