By Newsshelve Correspondent.
BUA Foods Plc has announced its unaudited financial results for the first quarter of 2025, showing robust growth across key financial indicators.
The company recorded a significant revenue growth of 24% to ₦442.1 billion, driven by substantial increases in revenue from Flour, Pasta, and Rice.
The company’s gross profit rose to ₦160.91 billion, and profit after tax stood at ₦125.28 billion. Total equities improved to ₦554.34 billion, and earnings per share increased to ₦6.96.
Dr. Ayodele Abioye, the Managing Director, attributed the company’s success to proactive supply chain measures and improved internal efficiencies.
He stated, “We are pleased to begin 2025 on a strong note, as our business continued to demonstrate resilience and adaptability amidst a still-evolving macroeconomic landscape.”
Abioye expressed confidence in the company’s unique and integrated business model, strong financial position, and robust execution, which will continue to enhance strategic growth and create lasting value for all stakeholders throughout 2025.
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