Nigeria: Bua Cement Grow Gross 2020 Full Year Profit to N95 Billion

15 February 2021

BUA Cement, Nigeria's second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts for the full year ended December 31, 2020, showing an increase of 19 per cent 2019.

Gross profit printed at N95.432 billion in 2020, indicating an increase of 16 per cent, compared with N82. 443 billion in 2019. BUA Cement Plc's excellent cost management led to a decline of 33 per cent in net financing cost to N3.438 billion in 2020, from N5.192 billion in 2019.

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