BUA Cement Plc has released its audited financial statement for the period ended December 31, 2022, which highlights impressive year-on-year growth in both its topline and bottom-line figures.

The company’s revenue for the 12-month period stoods at N360.989 billion, indicating a significant increase of 40.28% from the previous year’s N257.327 billion. Meanwhile, the company’s profit after tax grew by 12.14% year-on-year to N101 billion from N90.079 billion.

Furthermore, BUA Cement’s earnings per share rose to N2.98, representing a 12.14% increase from the previous year’s N2.66. In line with its commitment to providing value to shareholders, the company’s board of directors has approved a dividend payment of N2.80 per share. However, this dividend will be subject to a withheld tax of 10%.

Based on the current share price of N99.45, BUA Cement’s P/E ratio stands at 33.34x, while the earnings yield is 3%. These impressive financial results underscore BUA Cement’s commitment to growth and profitability, and position the company for sustained success in the future.