The Chairman of BUA Foods, Alhaji Abdul Rabiu, said this at the 3rd Annual General Meeting of the company on Thursday in Abuja. While presenting the Annual Report and Accounts of the company for the financial year 2023, Rabiu said that the company made some progress despite economic challenges.
“Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) increased by 83.6% to ₦215.7 billion from ₦117.5 billion for 2022. Profit for the period grew to ₦112.1 billion amid rising input costs.
“Our earnings per share increased by 22.9% from ₦5.07 in 2022 to ₦6.23 and we are pleased to announce a proposed dividend of ₦5.50 per ordinary share.
