Tag
BUA CEMENT
News and analysis about BUA Cement
Nigerian cement giant company, Dangote Cement overtook MTN Nigeria as the most valuable company in the country with a valuation of N5.99 trillion ($7.9 billion) as of the end of July 2023.
BUA Cement reported a 17.2% y/y Revenue growth to N221.07bn in H1 2023 from N188.56bn in the prior period (H1 2022).
BUA Cement grew profit before tax by 26.52% year on year reaching N40.963 billion according to the information contained in its Q2 2023 results for the period ended June 2023
At the close of market activities for the week, the combined market capitalization of SWOOTs appreciated by 3.81% to close at N20.617 trillion from N19.859 trillion the previous week, reflecting a gain of N757.17 billion.
It was another busy week for corporate Nigeria, characterised by Q3 earnings forecasts, dividend announcements, appointments, and even product launches.
BUA Cement gets a $500 million facility to boost the expansion of its integrated cement plants in Kalambaina, Sokoto State, Nigeria.
The NGX All-Share Index and Market Capitalization appreciated by 1.51% to close the week at 52,973.88 and N28.845 trillion respectively
The three major cement producers in Nigeria raked in a sum of N2.35 trillion as turnover in 2022, surpassing the N1.93 trillion recorded in the previous year by 21.6%.
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 2.27% to close last week at N20.63 trillion
Positive sentiment witnessed in three listed cement companies on the Nigerian Exchange resulted in a combined gain of N175.727 billion in January 2023
Rabiu's net worth has risen from $4.9 billion earlier in 2022, thanks to the positive performance of his companies
Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, BUAFOODS, and MTNN Plc