Arise News· 2h ago· 1 min read
BUA Cement Plc has released its half-year (H1) unaudited financial statements for the period ended June 30, 2026 with profit before tax of N324,4 billion, about 79 per cent increase over N214.8 billion reported in the half year (H1) ended June 30, 2025.
The company reported N728.9 billion revenue in H1 2026, a 25.6per cent growth from N580.3 billion as at the end of the corresponding period ended 2025.
This strong performance was attributable to growth in the “new market” business segment, continuing cost containment across operations, sustained fiscal discipline in our treasury function and a stable foreign currency environment.
Growth in the “new market” segment recorded increased contribution to revenue, year-on year(y/y), and over the preceding quarter.
Cost containment measures resulted in a 4.4 per cent decline in direct cost per ton (y/y), including a 0.6 per cent decline…
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