Between Q1 2021 and Q4 2024, BUA Foods Plc's turnover experienced a remarkable growth rate, surpassing 500% overall

Key takeaways:

  • BUA Foods Plc's turnover rose from ₦70.2 billion in Q1 2021 to ₦437.4 billion in Q4 2024.
  • The organisation experienced steady quarterly increases throughout all periods.
  • A notable spike was observed in 2024, with quarterly turnover consistently above ₦315 billion.
  • The fourth quarter of 2024 marked a peak turnover of ₦437.4 billion.
  • In terms of quarterly growth, Q1 2024 recorded the highest rate at 75%.

In Q1 2021, BUA Foods Plc reported a turnover of ₦70.2 billion, which steadily grew to ₦92.6 billion by the year's end. This upward growth trend continued into 2022, with the company achieving ₦127.6 billion by Q4 2022, despite a minor fluctuation in Q2. The company's turnover surpassed ₦144 billion in Q1 2023 and continued to grow, reaching a peak of ₦204 billion in Q4 2023.

As of Q1 2024, BUA Foods experienced an extraordinary increase in its turnover, hitting ₦356.9 billion. This figure dipped to ₦315.5 billion in Q2, but continued the upward trajectory in the subsequent months. In Q3 2024, the company reached a turnover peak of ₦398.4 billion and an all-time high of ₦437.4 billion in Q4 2024.

Source:

BUA Foods Plc Annual Report, NGX

Period:

Q1 2021 - Q4 2024
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