Earnings Update | BUACEMENT | 9M:2020

In Q3:2020, BUA Cement Plc. (BUACEMENT) improved on the revenue gains made in H1:2020 to deliver another impressive topline performance in 9M:2020. The company grew sales volumes by 15.95%, from 3,291 kilotons in Q3:2019 to 3,816 kilotons in Q3:2020. This puts standalone revenue for the quarter at NGN55.29bn – a 39.72% improvement compared to NGN39.57bn in Q3:2019. Since the merger, the company has focused on leveraging on its wider geographical footprint to access new markets and claim a stronger market share.

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Earnings Update – BUACEMENT 9M2020


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