BUA Foods' operating profit steadily increased from ₦22.81 billion in Q1 2021 to ₦174.97 billion in Q4 2024

Key takeaways:

  • The most significant growth was observed in 2024, with operating profit reaching a record high of ₦174.97 billion in Q4.
  • Despite experiencing some fluctuations each quarter, the company displayed resilience and a strong capacity for scaling.
  • BUA Foods showed consistent improvement in operating profits year over year.
  • Quarterly operating profits ranged from around ₦20 billion in 2021 to nearly ₦175 billion in Q4 2024.
  • A major breakthrough occurred in 2024, with quarterly operating profits consistently exceeding ₦99 billion.

In 2021, BUA Foods Plc achieved stable operational results, with quarterly profits fluctuating between ₦16.7 billion and ₦22.8 billion. The year 2022 brought about more evident growth trends. The first half of the year featured moderate profits of around ₦18-26 billion, while the latter half saw substantial improvements, peaking at ₦34.1 billion and ₦32.7 billion in the third and fourth quarters, respectively.

The upward progression continued to Q1 2023 where the operating profit was ₦48.16 billion, followed by an impressive ₦66.06 billion in Q2 2023, which was nearly three times the amount from the same period in 2022. Despite some fluctuations, BUA Foods consistently achieved operating profits exceeding ₦40 billion each quarter throughout 2023.

In Q1 2024, the operating profit rose to ₦104.72 billion. This figure was succeeded by ₦99.54 billion in Q2 and an even stronger performance in Q3 2024, where profits climbed to ₦112.86 billion. The last quarter of 2024 had the most extraordinary increase, with operating profit reaching a phenomenal ₦174.97 billion.

Source:

BUA Foods Plc Annual Report, NGX

Period:

Q1 2021 - Q4 2024
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