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News BUA Cement's earnings and profit rise in 2022

BUA Cement's earnings and profit rise in 2022

Written by Global Cement staff 28 February 2023
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Nigeria: BUA Cement's gross earnings rose by 31% year-on-year to US$1.29bn in 2022 from US$981m in 2021. Meanwhile, the producer's net profit rose by 2.2% year-on-year to US$193m. The group said that increased bagged cement sales volumes offset the impacts of inflation and currency effects. BUA Cement's full-year finance costs were US$23m, up by a factor of six year-on-year.

Last modified on 01 March 2023
Published in Global Cement News
Tagged under
  • Nigeria
  • BUA Cement
  • Results
  • bagged cement
  • inflation
  • currency
  • costs
  • Finance
  • GCW597

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