BUA Cement reports N209bn revenue in 2020

BUA Cement reports N209bn revenue in 2020     Proposes N2.067K Final Dividend Bua Cement Plc Releases Audited Financial Results for the 12-Month Period Ended December 2020 which shows that its revenue increased by 19.3 per cent to N209.4 billion from N175.5 billion, as at FY2019. The report filed at the Nigerian Stock Exchange (NSE) revealed that the company’s operating profit increased by 14.8 per cent to N82 billion from N71.4 billion recorded in the previous year. EBITDA rises by 18 per cent to N96.8 billion from N82 billion, as…

Read more

BUA Cement to dual-list N115bn Series 1 corporate bond

BUA Cement to dual-list N115bn Series 1 corporate bond

BUA Cement to dual-list N115bn Series 1 corporate bond   BUA Cement PLC, one of Africa’s largest cement companies, has announced that it has successfully concluded its N115billion Series 1 Fixed Rate Senior Unsecured Bond Issue under its maiden N200 billion Bond Issuance Programme. With this development, BUA Cement’s Series 1 Bond becomes the largest ever Corporate Bond issued in the Nigerian Debt Capital Markets and signposts growing investor confidence in Nigeria’s second largest cement company. According to the company, an application will be made to dual-list the Bonds on the Nigerian…

Read more

BUA spends $1.05bn on cement plants in Sokoto, Edo, Adamawa

BUA spends $1.05bn on cement plants in Sokoto, Edo, Adamawa   BUA Cement, has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3 million tonnes each per annum in Edo, Sokoto and Adamawa States. A statement from the company said the projects will be completed by the end of 2022. Upon completion, this will bring BUA Cement’s total capacity to 20 million metric tonnes by per annum. “At 9 million tonnes combined capacity, this is the single largest contract ever awarded…

Read more

BUA Cement appoints new Chief Financial Officer

BUA Cement appoints new Chief Financial Officer

BUA Cement has announced the appointment of Jacques Piekarski as its new Chief Financial Officer effective October 2. Prior to his current appointment, Jacques was Group CFO at TGI Group. This was revealed in a statement by Ahmed Aliyu, the Company Secretary. Abdul Samad Rabiu, Chairman, BUA Cement Plc, said: “The Board is confident that Jacques’ broad experience, strong leadership capabilities and understanding of the industry will ensure that BUA Cement is well-positioned to take advantage of available opportunities to drive improved operational performance and sustain our profitable growth trajectory.”…

Read more