Earnings Update_BUAFOODS_H1_2022BUAFOODS’s revenue grew by 11.29% YoY to NGN168.85bn in H1:2022. This strong topline growth was
propelled by the increased sales generated from its sugar segment (+13.76% YoY), which contributes 64.38% to
total revenue. Cost of sales increased by 16.12% YoY to NGN116.79 in H1:2022.
