BUACEMENT sustained its growth momentum in Q1:2023 as the topline increased by +9.65% to NGN106.35bn (from NGN96.99bn in Q1:2022). The growth in net sales was fueled by price revision activities (ex-factory prices from NGN3700 to NGN4300 per bag) while sales volume dropped by 7.36% to 1.60Mt (vs 1.73Mt in Q1:2022) given the reduction in construction activities during the period.
