BUA Cement Posts N209bn Turnover, Grows Profit by 16.35% in Full Year 2020

BUA Cement Plc in its full year unaudited financial report for the period ended December 31st, 2020 reported a profit after tax (PAT) of N70.518 billion, implying a growth of 16.35% when compared with N60.610 billion recorded in the previous year of 2019.

The Turnover for the current period stands at N209.474 billion, up by 19.35% against the previous turnover of N175.518 billion recorded in full year 2019.

Profit before tax grew by 19.37%, to settle at N79 billion from the previous close of N66 billion in 2019.

Earnings per share for the period under review grew to N2.08 from the previous earnings per share of N1.79 in full year 2019.

With reference to the share price of N79, the P.E ratio of BUA Cement stands at 37.94x with earnings yield of 2.64%.

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