BUA Foods Plc has declared a revenue of N729.4 billion, an increase of 74.4 percent relative to its 2022 revenue. The Chairman of BUA Foods, Alhaji Abdul Rabiu, said this at the 3rd Annual General Meeting of the company on…
Opening the week, investors’ interest in the stocks of BUA Foods, FBN Holdings, Zenith Bank, among others advanced equities boosted the overall market index by 0.07 per cent. Specifically, the market capitalisation which opened at N55.129 trillion, gained N37 billion…
By Esther Agbo In a move to enhance Nigeria’s food security and boost the local economy, BUA Foods Plc has partnered with Turkish manufacturing giant IMAS to significantly expand its milling operations. The agreement, signed recently, will see the construction…
Despite facing significant macroeconomic challenges, BUA Foods Plc has achieved a remarkable 38 per cent increase in profit after tax, reaching N130 billion for the first half of 2024, up from N95.18 billion in the same period last year. The…
BUA Foods reported an impressive performance in 2022, with revenue up 25.53 per cent YoY to N418 billion, driven by impressive growth from the sugar segment, which accounted for 66 per cent of the group’s revenue. Despite severe macroeconomic headwinds,…
Revenues from Sugar and Flour segments lifted BUA Food’s earnings to an impressive performance as the company announced a Profit After Tax of N91.34 billion in 2022, up from N69.77 billion reported in 2021. Its audited financial statement for the…
By Philemon Adedeji BUA Foods Plc, a leading food and fast-moving consumer goods (“FMCG”) listed on the Nigerian Exchange Limited (NGX) has released its unaudited financial results for the period ended December 31, 2022, reporting 29.5 per cent increase in…
The positive momentum sustained from the beginning of the month crawled into the week in what has been described as the “Santa Clause Rally”. This generally led to investors gaining big. Similarly, investors in stocks worth over one trillion (SWOOTs)…
BUA Foods has said its revenue rose by 20.2 per cent to N289.8bn as of the end of the first nine months of 2022. Despite the challenges in the economy, the fast-moving consumer goods company’s revenue rose from N221.7bn recorded…
By Philemon Adedeji Due to increase in cost of raw materials to N101.4 billion in half year H1 2022 from N84.2 billion reported in half year H1 2021, cost of sales during the period of study grew by 16.11 per…
