BUA Cement Plc has released its full year 2024 audited financial statements and accounts, which showed the company doubled its revenue from N460 billion to N876.5 billion in 2024.
Furthermore, the company recorded a profit before tax of N99.6 billion, up from N67.2 billion and a profit after tax of N73.9 billion, up from N69.5 billion in 2023, despite its “slow” start to the year, along with the very challenging economic environment.
Additionally, given the currency volatility recorded in 2024, the company was not totally immune to its effect – a general trend witnessed among other companies, as a realised foreign exchange loss of N92.1 billion was reported, which the management attributed to loans obtained for its production expansion drive before the devaluation of the Naira.