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BUA Foods Plc Reports N534.8 Billion Pre-Tax Profit On N1.8 Trillion Revenue
['Ogungbayi Feyisola Faesol']
Okay.ng
The audited results, filed with the Nigerian Exchange (NGX), reveal full-year revenue grew 18.1% to N1.8 trillion, driven by stronger sales across its diverse product portfolio.
Gross profit for the year rose 24.3% to N672.1 billion, while operating profit increased 19.75% to N565.3 billion.
Bakery Flour Leads Diverse Product RevenueA breakdown of the N1.8 trillion revenue shows a diversified income stream.
Bakery flour was the largest contributor, accounting for 39% of total revenue at N704.7 billion.
BUA Foods Plc, part of the conglomerate BUA Group founded by Nigerian businessman Abdul Samad Rabiu, is one of the most capitalized companies on the Nigerian Exchange.