From the decline in Q3 2023 until the peak in Q3 2024, BUA Foods Plc experienced an impressive growth rate of 3,783%

Key takeaways:

  • BUA Foods saw a significant profit increase between Q1 2021 and Q4 2024, with notable highs in 2024.
  • In Q3 2023, there was a drastic drop in profits, which was subsequently followed by a robust recovery.
  • The highest profit before tax was recorded in Q3 2024 at ₦78.47 billion.
  • Quarterly profits varied, ranging from as low as ₦2.02 billion to as high as ₦78.47 billion.
  • A significant turning point occurred in 2024, with quarterly profits consistently surpassing ₦60 billion.

Over the past few years, BUA Foods Plc has demonstrated remarkable progress in its financial performance, experiencing both increases and decreases in its quarterly profits before tax. In Q1 2021, the company reported a profit of ₦21.25 billion, and despite variations in the subsequent quarters, it exhibited consistent growth.

From Q1 2021 to Q4 2022, BUA saw a mostly steady upward trend, with Q1 2022 standing out at ₦24.84 billion, highlighting a significant increase. However, Q3 2023 was a challenging quarter, where profits dropped to merely ₦2.02 billion.

Following this decline, the company made a strong comeback in 2024. The first two quarters of 2024 showcased exceptional growth, with profits hitting ₦62.36 billion in Q1 and peaking at ₦76.83 billion in Q2. This positive trend continued into Q3, where profits surged to ₦78.47 billion, albeit the Q4 profit of ₦73.41 billion indicated a slight decrease.

Source:

BUA Foods Plc Annual Report, NGX

Period:

Q1 2021 - Q4 2024
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