Nigeria: BUA Cement’s nine-month consolidated sales were US$453m in 2021, up by 20% year-on-year from US$379m in the first nine months of 2020. The group’s net profit was US$160m, up by 23% from US$130m. The Daily Independent newspaper has reported that increased costs restricted profit growth in the third quarter of 2021. Administrative expenses rose by 51% year-on-year during the quarter.
BUA Cement increases nine-month sales and profit in 2021
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