Despite the increase in price by cement manufacturers early in the first quarter of the year, BUA Cement Plc has recorded 49.1 per cent fall in profit after tax to N17.96bn from N26.8bn it gained in the same period in 2023.
The country’s second-largest cement maker’s unaudited financial statement for the first quarter of 2024, analysed by THE WHISTLER reveals that the company saw a surge in sales revenue from N106.4bn in 2023 to N161.2bn by the end of the first quarter of this year.
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