March 3, 2025/Cordros Report BUA Cement Plc (BUACEMENT) published 2024 audited financials after market close on Friday (28 February), reporting a 6.4% y/y growth in EPS to NGN2.18 (2023FY: NGN2.05). The increase in earnings was primarily driven by a 90.5% y/y surge in revenue, reflecting record-high sales volumes and upward […]
Results & Dividends
Dangote Cement FY 2024: Strong Topline Growth Mitigates Cost Pressures and FX Loss
March 3, 2025/CSL Research Financial Highlights: Revenue +62.2% y/y to N3.58TN Cost of Sales (ex-depreciation) +64.8% y/y to N1.46TN OPEX (ex-depreciation) +72.74% y/y to N799.75BN EBITDA +56.0% y/y to N1.38TN Operating Profit +56.9% y/y to N1.15TN Profit before Tax +32.4% y/y to N732.54BN Stock Rating: BUY Target Price: N505.33/s Dangote […]
BUACEMENT FY 2024: Robust Revenue Growth Mitigates Impact of Rising Costs and FX Losses
March 3, 2025/CSL Research Financial Highlights: Revenue +90.5% y/y to N876.47BN Cost of Sales (ex-depreciation) +114.7% y/y to N551.15BN OPEX (ex-depreciation) +54.8% y/y to N54.47BN EBITDA +79.5% y/y to N179.81BN Operating Profit +93.2% y/y to N144.30BN Profit before Tax +48.2% y/y to N99.63BN Stock Rating: SELL Target Price: N77.52/s In […]
