Manufacturing - Page 2

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.

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.

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%.

Key takeaways:

The third quarter of 2023 displayed an unusually low tax payment of ₦104.9 million.
Tax contributions stabilised once again in Q4 2023 and maintained a robust presence in 2024, especially in Q1 and Q3.
Beginning at ₦1.99 billion in Q1 2021, BUA Foods’ income tax payments displayed fluctuations up until 2024.
Tax payments for BUA Foods remained relatively stable between 2021 and 2022.
The peak tax payments occurred in Q2 2023 at ₦7.09 billion and Q1 2024 at ₦6.54 billion.

Dangote Cement has grown its revenue consistently since 2014 and reached a historic ₦3.6 trillion in 2024
Revenues have more than tripled between 2020 (₦1.0 trillion) and 2024 (₦3.6 trillion)
The year-on-year growth rate shows fluctuations, with declines in some years and sharp rebounds in 2020, 2022, and 2024
The highest year-on-year growth occurred in 2024 (62.2%), signalling a particularly strong performance

Nigeria's largest cement manufacturers each recorded over 50% revenue growth in 2024
BUA Cement recorded the largest revenue growth in 2024 (90.5%), nearly doubling its revenue from ₦460 billion in 2023
Dangote Cement's revenue exceeded the combined revenue of BUA Cement and Lafarge Africa in both 2023 and 2024
Lafarge Africa earned ₦696.8 billion in revenue, the lowest revenue of the three cement majors

UAC Nigeria's ₦17 billion naira profit in 2024 is the highest since 2014
The company recorded losses in 2018, 2019 and 2022, with ₦9.5 billion, ₦9.2 billion and ₦4 billion losses, respectively
Profit recovery started in 2020 and improved significantly in 2023 and 2024
2024’s unaudited profit is almost double the ₦8.9 billion recorded in 2023
Profitability has been volatile over the past decade, with major losses and strong rebounds

UAC Nigeria's revenue has consistently grown since 2018, reaching ₦197.6 billion in 2024
2024 saw the highest year-on-year revenue growth of 64%
The company recorded steady revenue increases from 2019 to 2023, growing by 14.5% annually on average
2024's unaudited revenue figure marks a new milestone for UAC Nigeria

Nestlé Nigeria’s revenue grew by 75.3% in 2024, its highest growth rate since 2014.
Revenue jumped from ₦547.1 billion in 2023 to ₦958.8 billion in 2024, a ₦411.7 billion increase.
The 2024 growth rate is over three times the 22.5% growth recorded in 2023.
The company has grown revenue for ten straight years without decline.
Between 2014 and 2024, revenue increased by an average of 22.4% on a year-on-year basis.

Nestlé Nigeria maintained steady profits for eight years, growing from ₦22.2 billion naira in 2014 to ₦49 billion naira in 2022
Nestlé Nigeria swung from a ₦49 billion naira profit in 2022 to a ₦79.5 billion naira loss in 2023, a 262% decline in one year
Losses deepened by 107%, from ₦79.5 billion naira in 2023 to ₦164.6 billion naira in 2024
A combined ₦244 billion naira loss for 2023 and 2024 nearly wiped out all the profits of ₦304.5 billion naira made between 2014 and 2022

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