BUA Cement Plc has reported profit before tax of N99.630 billion for the financial year ended December 31, 2024, representing a 48.20% year-on-year (YoY) increase from 2023.
According to the annual report and financial statements reviewed by Nairametrics, the company’s full-year revenue surged by 90.54% YoY to N876.470 billion, driven by strong domestic sales of its bagged cement category.
While revenue growth was impressive, rising costs and financial expenses significantly impacted profitability.