BUA Cement posts N43.4bn as profit in H1 2021

BUA Cement on Thursday published its financial statement for the period ended 30 June 2021. The result shows year on year growth in the company’s top line and bottom line figures.

A turnover of N124.28 billion was reported for the six months period, up by 22.73% from N101.26 billion reported the previous year.

Profit after tax grew by 24.64% to N43.396 billion from N34.819 billion reported in Q2 2020.

Earnings per share (EPS) of the company increased year on year by 24.64% to N1.28 from the EPS of N1.03 the previous year.

At the share price of N67.3, the P.E ratio of BUA Cement stands at 52.52x with earnings yield of 1.90%.

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