BUA Foods reports 99.4 per cent increase in profit after tax to N75.17bn

By Philemon Adedeji

BUA Foods PLC on Thursdsay 17th of february reported 99.4 per cent increase in profit after tax for unaudited full year result and accounts for the period ended as at December 31, 2021.

Also, the company reported 65.5 per cent increase in profit before tax from N49.65 billion in twelve months of 2020 to N83.14 billion in twelve months of 2021.

From the profit and loss figures, the. Company revenue moved from N192.86 billion in twelve months of  2020 to N333.67 billion in twelve months of 2021, an increase of 73 per cent

The company declared 59.1 per cent increase in gross profit from N64.9 billion in twelve months of 2020 to N103.2 billion in twelve months of 2021.

Earnings per share for the period increased by 99.4 per cent from 2.04 kobo in 2020 to 4.18 in twelve months of 2021.

The operating profit announced shows an increase of 70.8 per cent, the operating profit moved N53.3 billion in twelve months of 2020 to N91.03 billion in twelve months of 2021.