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Nairaland Forum / Nairaland / General / Business / BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 (13560 Views)
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BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by kirajustice: 8:27pm On Feb 14, 2021 |
POLITICSNIGERIA.COM 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 N95.4billion in 2020 from N82.4billion Naira in 2019. This further consolidates BUA Cement’s position as one of Nigeria’s most profitable companies – a position it is expected to strengthen further with the commissioning of its new 3 million Metric Tonnes Sokoto Cement Plant in 2021 and the addition of 3 new lines of 9 million metric tonnes total capacity in Adamawa, Edo and Sokoto States by 2023 for which it recently signed an agreement with Sinoma CBMI. This is expected to bring BUA Cement’s total capacity to 20million metric tonnes per annum upon completion. https://politicsnigeria.com/bua-cement-plc-declares-fy2020-profits-of-n95billion/ 8 Likes
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Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by PrinceOfLagos: 8:29pm On Feb 14, 2021 |
Seems only hausa/fulani owned businesses are making headway in this buhari government 33 Likes 3 Shares |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by revived: 8:31pm On Feb 14, 2021 |
Soft |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by OyigboUpdate: 8:31pm On Feb 14, 2021 |
And mark Zuckerberg made 3 trillion naira in 24hrs I watched it on YouTube 12 Likes 1 Share |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by NwaAmaikpe: 8:31pm On Feb 14, 2021 |
Why wouldn't they? I repeat why wouldn't they? Nigercem Nkalagu is dead Ibeto Cement has been suffocated. If it is not Dangote, it is Bua....a sad monopoly of a specific line of business. Sadly, over 68% of patronage is by Southerners. From Chiedu Okoh to Lafenax...I doubt both companies have any bigger dealers. Cement that should sell for 800naira a bag now sells for 3,300 a bag and you are surprised at a 95.4billion Naira profit? 118 Likes 6 Shares |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by KhingLufem1(m): 8:32pm On Feb 14, 2021 |
Ok |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by WandaNara: 8:32pm On Feb 14, 2021 |
Before nko? As una don turn cement to gold 5 Likes |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by Brendaniel: 8:32pm On Feb 14, 2021 |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by Oblitz(m): 8:32pm On Feb 14, 2021 |
Chaiiiiiiiiii. See money |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by EzeYezzuz: 8:32pm On Feb 14, 2021 |
Imagine for this same Nigeria 2 Likes |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by obi4eze(m): 8:33pm On Feb 14, 2021 |
Omo! x 1000000 |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by osemoses1234(m): 8:33pm On Feb 14, 2021 |
OyigboUpdate:how much you made ? Cho cho cho 28 Likes 1 Share |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by espn(m): 8:33pm On Feb 14, 2021 |
Na wa oo... |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by teamsynergy: 8:33pm On Feb 14, 2021 |
God for them, but the govt favour this man and Dangote too much. During the border closure he was given waiver to move good access borders without issues. |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by faithfull18(f): 8:33pm On Feb 14, 2021 |
God when |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by fourboys: 8:34pm On Feb 14, 2021 |
Yahoo, kidnapping, robbery, no fit give u dis kind money.... hard work pays mann... God bless all d hard working guys, ur hustle go pay dis year 16 Likes 1 Share |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by ichidodo: 8:34pm On Feb 14, 2021 |
With high cement cost, this people are cashing out... |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by binaie(m): 8:35pm On Feb 14, 2021 |
cement factory is the best place to work mow |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by obayendo1010(m): 8:35pm On Feb 14, 2021 |
Una Dey mad Dey kill Nigeria with over price cement Dey declare am as profit. Life goes on we all go Dey alright someday. 14 Likes |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by brandsoncharlie: 8:35pm On Feb 14, 2021 |
Swindling Nigerians and milking it's populace is called profit for this sabotage they praise here. Corruption is eating big and getting fat by the day. 5 Likes 1 Share
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Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by mamaafrik(m): 8:35pm On Feb 14, 2021 |
Where is my Kolo self,i have some shile meeji too |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by jieta: 8:35pm On Feb 14, 2021 |
OyigboUpdate:that means he's making Nigeria budget in a year in four days. |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by FastLane25(m): 8:36pm On Feb 14, 2021 |
so they are now expecting us to clap for them? |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by Rahkman: 8:37pm On Feb 14, 2021 |
Whay happened to the other 1 from the east |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by maasoap(m): 8:38pm On Feb 14, 2021 |
Cement price in Nigeria wasn't supposed to this costly, everyone is just ripping everyone off 3 Likes |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by brandsoncharlie: 8:38pm On Feb 14, 2021 |
ichidodo:The fortunate thing is that the natural resource belongs to all Nigerians yet they can't make it affordable for all. He can only get rich in this corrupt zone. 3 Likes |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by akdjr(m): 8:38pm On Feb 14, 2021 |
And Nigeria is still the world capital of poverty... Most time I wonder how people just fall for such cheap misinformation. |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by jieta: 8:40pm On Feb 14, 2021 |
brandsoncharlie:just imagine what dangote will use our eye to see when he finally complete his refinery. 1 Like 1 Share |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by gurujoe(m): 8:41pm On Feb 14, 2021 |
It's only in Nigeria and Africa people make billions without any discovery or impacting positively to human life 1 Like |
Re: BUA Cement Declares Profit Of ₦95 Billion For Full Year, 2020 by MANNABBQGRILLS: 8:42pm On Feb 14, 2021 |
That is some colossal profits considering it was the year of pandemic 9 Likes 3 Shares |
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