BUA Cement

Year: 2021

BUA, Wartsila OY of Finland sign agreement for construction of 70MW Power Plant for BUA Cement Sokoto Line 4

Lagos – 17Sep2021. BUA has signed an agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for the BUA Cement Sokoto Line 4 in Sokoto state, North-West Nigeria.  This announcement comes as BUA recently revealed that it was looking to boost its production capacity in Nigeria over the next …

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BUA CEMENT HOLDS AGM, DECLARES 72.3BILLION NAIRA PROFITS AFTER TAX, PAYS N70bn DIVIDEND

…as BUA Chairman, Abdul Samad Rabiu, canvasses for new entrants, more investments, additional capacity in the Cement industry   Abuja 08jul2021 – BUA Cement Plc, one of Africa’s largest Cement companies, today held its Annual General Meeting for the period ended December 31, 2020 whilst paying dividends of N70billion at N2.067k per ordinary share in …

BUA CEMENT HOLDS AGM, DECLARES 72.3BILLION NAIRA PROFITS AFTER TAX, PAYS N70bn DIVIDEND Read More »

BUA CEMENT CHAIRMAN, ABDUL SAMAD RABIU, GIFTS N2bn SHARE BONUS TO EMPLOYEES

…as BUA Cement remains on profitability path for 2021   Abdul Samad Rabiu, largest shareholder and Chairman of Nigeria’s second largest publicly listed manufacturing company, BUA Cement Plc, has announced a share bonus gift, from his pool of shares, for employees of the company worth almost two billion Naira in recognition of their effort to …

BUA CEMENT CHAIRMAN, ABDUL SAMAD RABIU, GIFTS N2bn SHARE BONUS TO EMPLOYEES Read More »

BUA CEMENT DISSOCIATES SELF FROM PURPORTED INCREASE IN EX-FACTORY PRICES OF CEMENT

BUA Cement Plc, in the past two days, has been inundated with calls seeking clarification as to whether it is part of a purported price increase of 300Naira per bag. BUA Cement wishes to inform the public, its distributors, and stakeholders that it has not and does not intend to increase its price of cement …

BUA CEMENT DISSOCIATES SELF FROM PURPORTED INCREASE IN EX-FACTORY PRICES OF CEMENT Read More »

BUA CEMENT PLC REVENUES HIT N209.4BILLION IN FY2020 AUDITED RESULTS…

AS PROFIT AFTER TAX GROWS 19.4% TO N72.3BILLION March 30, 2021 Revenue increases by 19.3% to N209.4 billion from N175.5 billion, as at FY2019. Operating profit increases by 14.8% to N82 billion from N71.4 billion, as at FY2019. EBITDA rises by 18% to N96.8 billion from N82.5 billion, as at FY2019; with EBITDA margin resilient …

BUA CEMENT PLC REVENUES HIT N209.4BILLION IN FY2020 AUDITED RESULTS… Read More »

BUA Cement Plc. declares FY2020 profits of N95billion

…as revenues rise by 19% to N209billion Lagos, 14 Feb., 2020. BUA Cement, Nigeria’s second largest cement company, has announced full year revenues of N209billion in its unaudited 2020 Full Year financial accounts representing an increase of 19% from the corresponding period in 2019. The company also announced a 16% increase in gross profits to …

BUA Cement Plc. declares FY2020 profits of N95billion Read More »