BUA reports N209.4bn profit for 2020

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BUA Cement Plc recorded a 19.3 percent growth in profit, rising to N209.4 billion in 2020 from the N175.5bn it realised in 2019.

The Chairman, Board of Directors of BUA Cement Plc, Alhaji AbdulSamad Rabiu, stated this on Thursday when he addressed shareholders at the fifth Annual General Meeting of the firm in Abuja.Alhaji Rabiu said production volume rose to 5.1 million tonnes; Earnings Before Interest, Taxes, Depreciation and Amortisation increased by 18% to N96.8bn from N81.9bn in 2019.

 

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