Profit slumped by 33% in the first quarter as FX tsunami hit BUA Cement Plc. In its unaudited financial statement, the cement company’s net profit settled at N17.97 billion, which was 33% below N26.80 billion recorded in the corresponding period of 2023. The key deal breaker for the company was N10 billion in losses due…
Some cement retailers in Lagos state and Ogun state have given reasons BUA Cement products are still sold above N5,000 per bag despite the company announcing a 36.4 percent cut in price on October 1. BUA Cement had disclosed that the ex-factory price of its product will be reduced to N3,500 per bag from N5,500…
As the equities market continues bearish performance, shareholders of BUA Cement Plc lost a whopping N111.752 billion in Thursday’s trading session. This is in spite of the fact that the company witnessed an improved performance in half year 2022 on various parameters like credit growth, asset quality, and profitability. Checks by Nairametrics showed that at the close…
These are not the best of times for investors and shareholders of BUA Foods, a subsidiary of BUA Group owned by Nigerian billionaire, Abdul Samad Rabiu, as the shares of the company dipped drastically on Monday following trading hours in the Nigerian bourse (Nigerian Exchange Limited). The development has also affected the fortunes of…
BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend. The price increase by BUA is contrary to what he has repeatedly asserted that his company…
