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BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit (11853 Views)

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Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by ecolime(m): 4:07pm On Jun 08, 2020
Super impressive

1 Like 1 Share

Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by papagiddy(m): 4:09pm On Jun 08, 2020
JESUS!! .....and me I Sidon here dey make 12k profit in 5 month?
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by apexx4939: 4:10pm On Jun 08, 2020
[color=#] 2120084[/color]
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Blackmann001: 4:40pm On Jun 08, 2020
This Bua guyz are bullish... Really disturbing dangote....

Still prefers dangote
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by LedRock: 5:19pm On Jun 08, 2020
Chinomonkey:
Too small
Dude you're a novice, you call 20billion naira profit in four months small shocked shocked

1 Like

Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Chinomonkey: 5:22pm On Jun 08, 2020
LedRock:
Dude you're a novice, you call 20billion naira profit in four months small shocked shocked
Yeah..for a big company like BUA, allied companies like that in overseas rake in billions of dollars within such s timeframe
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by LedRock: 5:24pm On Jun 08, 2020
Chinomonkey:

Yeah..for a big company like BUA, allied companies like that in overseas rake in billions of dollars within such s timeframe
You are funny, is Nigeria a developed country?
How many overseas companies rake in billions of dollars in four months? undecided undecided

2 Likes 1 Share

Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by olajizz01(m): 5:25pm On Jun 08, 2020
ProfAmaben:
Wow!!! Their donation to the federal government is already yielding results.
Exactly,for my area,people hardly know BUA cement before, but now,everybody are just buy BUA as if it wasn't exist before,
I asked one man,that why are you using BUA now,he said it was the best cement during raining season.
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Chinomonkey: 5:27pm On Jun 08, 2020
LedRock:
You are funny, is Nigeria a developed country?
Well, Nigeria has the population advantage
Don't think I'm not happy for BUA, I'm happy for him but I want him even maximize his profits more..I like competition in business, atleast it helps remove monopoly Dangote had...I wish eastern cement plant in Ebonyi been rebuilt by Ibeto cement comes into effect too. wink
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by LedRock: 5:29pm On Jun 08, 2020
Chinomonkey:

Well, Nigeria has the population advantage
Don't think I'm not happy for BUA, I'm happy for him but I want him even maximize his profits more..I like competition in business, atleast it helps remove monopoly Dangote had...I wish eastern cement plant in Ebonyi been rebuilt by Ibeto cement comes into effect too. wink
BUA already has 20% in Nigeria's cement business.
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by ProfAmaben(m): 5:35pm On Jun 08, 2020
olajizz01:
Exactly,for my area,people hardly know BUA cement before, but now,everybody are just buy BUA as if it wasn't exist before,
I asked one man,that why are you using BUA now,he said it was the best cement during raining season.
Hahaha

2 Likes

Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Coldie(m): 6:36pm On Jun 08, 2020
zeal22:
Na to enter cement biz be that oh
If bua cement make this kind money I wonder how much Dangote make

1 Like

Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Primusinterpares(m): 6:52pm On Jun 08, 2020
Multiply that amount by 5. That's the actual profit after tax.
Nice one.
Healthy competition

1 Like

Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Pain(m): 7:19pm On Jun 08, 2020
Wait till Winners Ministries Inc releases their Q1 Results shocked

1 Like

Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by zeal22(m): 7:39pm On Jun 08, 2020
Coldie:

If bua cement make this kind money I wonder how much Dangote make
thank you
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by ajebuter(f): 8:42pm On Jun 08, 2020
Balenciagaokey:
I just love the Owner of BUA group (Abdul samad Rabiu).
Like for BUA
Share for DANGOTE

Alhaji Abdulsamad Rabiu is humble and generous to the core..

One of the nicest human beings l have ever met..
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Michaelino50: 9:34pm On Jun 08, 2020
Too small
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Pzpropertylimit(m): 9:43pm On Jun 08, 2020
May God punish them for the rip-off they are doing to us .
Up till now cement is 2600 per bag . Na we get lime stone , na we get crude oil .
The generation of the wicked shall perish .
Hey ! What type of exploitation is this !
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by AdesegunSanni89: 10:55pm On Jun 08, 2020
So after making N20.1 billion, BUA only paid N300 million in taxes. What a shame. No wonder Nigeria lacks good infrastructures, whereas the ‘big men’ keep billions.
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by MrPolitics: 7:40am On Jun 09, 2020
RTSC:
na one man get this business o.

And he does not have two heads.

There is nothing like owning your own business abeg.

It’s a publicly traded company though so he’s not the sole owner. The company probably has millions of owners but I’m sure he’s the largest shareholder and may even be a majority shareholder
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by MrPolitics: 7:42am On Jun 09, 2020
AdesegunSanni89:
So after making N20.1 billion, BUA only paid N300 million in taxes. What a shame. No wonder Nigeria lacks good infrastructures, whereas the ‘big men’ keep billions.

I clocked this as well and I was disappointed. They should pay no less than 5billion. Corporate tax is even 30% so should be over 6B.

I also wonder how they’re allowed to make 40% of their revenue as profit. That’s extortion
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by MrPolitics: 7:46am On Jun 09, 2020
LedRock:
Dude you're a novice, you call 20billion naira profit in four months small shocked shocked

3 months
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by RTSC: 7:51am On Jun 09, 2020
MrPolitics:


It’s a publicly traded company though so he’s not the sole owner. The company probably has millions of owners but I’m sure he’s the largest shareholder and may even be a majority shareholder
One man started the company.
Made billions before publicly trading it.
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by RTSC: 7:58am On Jun 09, 2020
AdesegunSanni89:
So after making N20.1 billion, BUA only paid N300 million in taxes. What a shame. No wonder Nigeria lacks good infrastructures, whereas the ‘big men’ keep billions.
The tax is very small indeed.
Very small.
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by Bellotelli: 7:58am On Jun 09, 2020
Balenciagaokey:
I just love the Owner of BUA group (Abdul samad Rabiu).
Like for BUA
Share for DANGOTE
As you are liking just make sure you patronize the product. grin
Re: BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit by officialfestus(m): 9:17am On Jun 09, 2020
Bua cement does not dry quickly compared to dangote's cement.. But when it drys forget it. Na rock

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