BUA Cement Plc records 39.72% increase in 2020 Q3 revenues

BUA Cement Plc reported revenues of N55.29 billion in 2020 Q3 compared to N39.57 billion in the corresponding period of 2019 – 39.72% increase.  

READ: R.T. Briscoe declares N618.9 million loss in H1 2020, as sales of vehicles fall 

Key highlights for 2020 Q3  

• Revenues increased to N55.29 billion, +39.72% YoY.  
• Other income increased to N2.13 billion, +18.99% YoY. 
• Selling and distribution cost increased to N3.29 billion, +29.94% YoY.  
• Finance cost declined to N1.23 billion, –14.55% YoY. 
• Pre-tax profits increased to N20.32 billion, +39.86% YoY.  
• Earnings Per Share increased to 55 kobo, +48.65% YoY. 

READ: Berger Paints Nigeria Plc records 8.96% increase in 2020 9M revenues

Bottom Line: BUA Cement Plc recorded a boost from an increase in cement sales. Profits also increased in the third quarter despite rising expenses, thanks to increased Other income and reduced finance costs.