BUACEMENT Says Q1’20 Pretax Profit Up +15.7% to N20 Billion

June 8, 2020

By InvestAdvocate

Lagos (INVESTADVOCATE)-Cement producer, Bua Cement Plc on Monday said its pretax profit for the first quarter (Q1) period ended March 31, 2020 rose +15.7 percent to N20 billion from N17.4 billion recorded the same period of last year.

Post-tax profit of the company also grew +26.2 percent to N19.8 billion from N15.7 billion declared in the Q1 of 2019.

Revenue of Bua Cement grew 25.1 percent to N54 billion from N43 billion posted in the corresponding period of 2019.

Shares of BUACEMENT at the close of the trading session on the flour of the Nigerian Stock Exchange (NSE) gained 3.75% to N41.50 from N40.00 per share recorded the previous session, gaining N1.50 per share.

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