• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

BUA Cement Grows Revenue By 85% To N290.9bn In Q1

by Olushola Bello
2 months ago
in Business
Chairman of BUA Group

Chairman of BUA Group

Share on WhatsAppShare on FacebookShare on XTelegram

BUA Cement Plc has posted a net revenue increase of 80.5 per cent to N290.9 billion for its first quarter (Q1) ended March 31, 2025.

Advertisement

The Company Q1 unaudited financial statements revealed that the net revenue from N161.1 billion in Q1, 2024 to N290.9 billion for the period under review.

Cost of sales rose by 31.2 per cent to N152.369 billion as against N116.094 billion in 2024, while operating profit stood at N119.033 billion from N33.477 billion, a year-on-year growth of 255.6 per cent.

Furthermore, profit before tax increased by 368.6 per cent to N99.7 billion from N21.3 billion, while profit after tax rose by 351 per cent to N81.1 billion from N18 billion in 2024. Earnings per share for Q1, 2025 amounted to N239.6 compared to N53.6.

Speaking on the overall performance, the managing director/CEO of BUA Cement, Engr. Yusuf Binji said, “I am extremely delighted about our first quarter performance which has seen us sustain our continued growth in earnings.

RELATED

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

27 minutes ago
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

5 hours ago

“This is evidence of trust, consistent quality and product delivery, aided by our commitment to excellence. In addition, we achieved further cost improvements through enhanced production efficiency.”
Looking ahead to the next quarter, Binji stated, “we expect a similar impressive performance, supported by the cost reduction initiatives being implemented”.

On the financial Performance, the chief financial officer, BUA Cement, Chikezie Ajaero said, “the quarter was not just a strong one, but a recovery from our performance in the first quarter of 2024.
“Our margins are recovering to acceptable levels, supported by exchange rate stability despite a high-cost operating environment. We remain confident that the measures we have implemented will continue to yield positive outcomes for the Company.”

BUA Cement is Nigeria’s second largest cement company and the largest producer in its North-West, South-South and South-East regions; with a combined installed capacity of 17mmtpa and with plans underway to increase existing capacity to 20mmtpa with the construction of a greenfield cement plant in Ososo, Edo State. BUA Cement operates strategically from Okpella, Edo State and Kalambaina, Sokoto State.

Currently, it is one of the most capitalised companies of the Nigerian Exchange Group (NGX). BUA Cement is committed to quality, a differentiating attribute, driven by its people, innovation and technology; and positioned to solve Nigeria’s cement under capacity while driving economic growth and development.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: BUA Cement
SendShareTweetShare
Previous Post

InfraCredit Guarantees Craneburg EKSG N32.50b 20-year Infrastructure Bonds Issuance

Next Post

FIN Awards Sanwo-Olu, Okpebholo, Oba of Benin, BoI MD Olusi, Others

Olushola Bello

Olushola Bello

You May Like

Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Stakeholders Prepare For 7th Africa Procurement, Supply Chain Summit In Lagos
Business

Stakeholders Prepare For 7th Africa Procurement, Supply Chain Summit In Lagos

2025/06/28
DBN Disburses N155.7bn Loans To MSMEs In 2023
Business

DBN Empowers MSME Tech Startups With Capital

2025/06/28
Leadership Conference advertisement

LATEST

Periwinkle Empire Tackles Insecurity, Power Outages, Others In Lagos

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

African U18/U20 Athletics Championships: 5 Team Nigeria Starlets Should Watch

President Federation Cup: Danjuma Confident Of Nasarawa Amazons Victory Against Rivers Angels

WAFCON 2024: Waldrum Tips Super Falcons To Win 10th Title

Brighton Sign Super Falcons Goalkeeper Nnadozie From Paris FC

Brentford Appoint Andrews As New Head Coach

NPFL: Rangers In Talks To Sign Inter Lagos Defender Samson

Wimbledon Open: Raducanu To Face Teenager Xu In First Round

Swiatek Reaches First WTA Tour Grass-Court Final

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.