BUA Cement

Press Release

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 …

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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 N4 billion from N175.5 billion, as at FY2019. Operating profit increases by 14.8% to N82 billion from N4 billion, as at FY2019. EBITDA rises by 18% to N8 billion from N82 billion, as at FY2019; with EBITDA margin resilient …

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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 …

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BUA CEMENT PLC SUCCESSFULLY COMPLETES ITS N115 BILLION SERIES 1, CORPORATE BOND ISSUE

…becomes Largest Corporate Bond ever Issued in the history of Nigeria’s Debt Capital Markets as offer for N100billion Series 1, 7 years Fixed Rate, Unsecured Bond Issue is oversubscribed by 37% Lagos, 30 Dec 2020. BUA Cement PLC, one of Africa’s largest cement companies, has announced that it has successfully concluded its N115billion Series 1 …

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BUA to construct 3 cement plants of 9million mtpa in Sokoto, Edo and Adamawa

… Signs agreement with Sinoma CBMI of China; Total Project to cost US$1.05billion   Africa’s leading cement giant, BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by …

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BUA Cement announces donates 6 units of 500KVA transformers, 2 security patrol vehicles to Okpella Community, Edo State

As part of its contributions to the development of its host communities, BUA Cement, one of Africa’s largest cement companies has donated 6 units of 500KVA transformers to boost access to electricity in Okpella Community of Edo State. In the same vein, the company also announced it had provided 2 security patrol vehicles to the …

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BUA CEMENT PLC POSTS IMPRESSIVE UNAUDITED Q3, 2020 FINANCIAL RESULTS AS REVENUE HITS N156.6billion

… Profit After Tax (PAT) Rises By 24% To N53.57Billion Lagos, Nigeria. BUA Cement, one of Africa’s largest cement producers, has declared revenues of N156.6billion in its 2020 third quarter (Q3) financial results for the 9-months ended, September 2020 – an increase of 21% from N129.4billion in the corresponding period of 2019. This was announced …

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BUA CEMENT ANNOUNCES JACQUES PIEKARSKI AS EXECUTIVE DIRECTOR/CHIEF FINANCIAL OFFICER

BUA Cement is pleased to announce the appointment of Jacques Piekarski as its new Chief Financial Officer effective October 2, 2020. Prior to his appointment, Jacques was Group CFO at TGI Group. Abdul Samad Rabiu, Chairman, BUA Cement Plc, said: The Board is confident that Jacques broad experience, strong leadership capabilities and understanding of the …

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