Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

BUA Cement Plc reports profit of N33 billion in Q1 2022

Revenue growth for the period was at 58.50% year-on-year, recorded as N96.99 billion.

Chidinma Anyalewechi by Chidinma Anyalewechi
April 23, 2022
in Company Results
BUA Cement Plc leads stocks worth over one trillion as market cap rises by N50.80 billion
Share on FacebookShare on TwitterShare on Linkedin

BUA Cement Plc, Nigeria’s second Largest Cement producer, has released its Q1 2021 Unaudited results reporting a profit of N33.14 billion during the period, representing 48.18% increase Y-o-Y.

Further analysis of the result shows that the company’s product categories improved, driving revenue growth in the period. Revenue growth for the period was at 58.50% year on year, recorded as N96.99 billion.

Key highlights of its results

  • As revenue from sales of cement, the company’s only revenue segment during the period increased by over 58%, cost of materials similarly appreciated by 66% from N9.14 billion in Q1 2021 to N15.18 billion, in the current period.
  • The company also made money from interest income earned from investment, raking in a total of N315.63 million. This was however subdued by interest expenses during period, resulting in a Net finance cost of N30.32 million.
  • BUA Cement Plc, however, grew its other income mainly from Sundry income, and Insurance claims, to increase by a whopping 715.40% to N185.99 million year on year.
  • Despite the growth in topline revenues, administrative expenses grew by double-digits, subduing bottom-line profit. Selling and distribution expenses grew by over 100%, despite the company’s decline in its advertising and campaign spending. Advertising expenses dropped massively by 88% while distribution costs was recorded as N2.21 billion compared to just N615 million in the prior-year period.
  • In addition, the company’s total assets are now N783.73 billion, while Net assets rose by 8.32% to N431.26 billion. The company’s long-term borrowings stood at N52.46 billion.

BUA Cement has earnings per share (EPS) for the period was at N0.98, a 48.48% increase from N0.66 in Q1 2021. The company is scheduled to pay its shareholders a total of N2.60 as dividend for the financial year ended 31 December 2021.

RelatedPosts

Nigeria’s PZ Cussons fights off inflation to post 277% rise in profits

MultiChoice blames FX Challenges for ZAR367m loss in Nigeria

BUA Cement Plc last traded at N70.75 per share and has returned 5.52% from year-to-date. Subscribe to the Nairametrics Stock Select Newsletter to view our stock pick.


Subscribe to the Nairametrics Stock Select Newsletter to access our stock picks. Fidelity Bank, one of our stock picks is up 40% since it was selected in February.

Related

Tags: BUA Cement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • PremiumTrust Bank has opened a new branch in Effurun, Delta State
    • Look no Further Than GreenWaveX
    • FUGAZ investors gain N25 billion combined during the week

    Follow us on social media:

    Recent News

    PremiumTrust Bank has opened a new branch in Effurun, Delta State

    PremiumTrust Bank has opened a new branch in Effurun, Delta State

    July 2, 2022
    Look no Further Than GreenWaveX

    Look no Further Than GreenWaveX

    July 2, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com