Nigeria, March 1 -- BUA Cement Plc recorded a remarkable 48.2% increase in pre-tax profit, reaching N99.63 billion for the financial year ending December 31, 2024.

This growth was driven by a 90.54% surge in revenue, which hit N876.47 billion, primarily fueled by strong domestic demand for its bagged cement.

Despite these impressive numbers, the company faced significant cost pressures, particularly in energy and operational expenses, which affected profitability and liquidity.

Key Financial Highlights (2024 vs. 2023)

Revenue:47 billion (+90.54% YoY) Cost of Sales:21 billion (+108.74% YoY) Gross Profit:26 billion (+63.22% YoY) Operating Profit:30 billion (+93.17% YoY) Profit After Tax:91 billion (+6.41% YoY) Earnings Per Share (EPS):1...