BUA Cement declares N34.82bn profit in H1’20

BUA Cement Plc on Monday published its financial report for the period ended 30 June 2020. The Cement manufacturing giant reported a turnover of N101.26 billion, up by 12.69% from N89.86 billion declared in the first half of 2019.

Profit after tax grew by 13.74% to N34.82 billion from N30.61 billion achieved in H1’19.

Earnings per share grew to N1.03 from the EPS of N0.90 which translates to 13.74% growth year on year.

With reference to the share price of N40.2, P.E ratio of BUA Cement is calculated as 39.10x with earnings yield of 2.56%.

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