The gross profit of BUA Foods Plc increased by 64% from Q1 2024 to Q4 2024

Key takeaways:

  • In 2024, BUA Foods hit new heights, with gross profit for Q4 surpassing ₦189 billion.
  • A remarkable surge occurred in 2024, with quarterly gross profits regularly exceeding ₦100 billion.
  • The fourth quarter of 2024 marked a significant peak, illustrating a 200% increase from Q4 2023.
  • BUA Foods' gross profit dramatically climbed from approximately ₦25 billion in 2021 to nearly ₦190 billion in Q4 2024.

BUA Foods has shown a strong and consistent trend in gross profit from Q1 2021 to Q4 2024, highlighting the company's excellent performance and effective strategic decisions. In Q1 2021, BUA Foods reported a gross profit of ₦24.64 billion, and although there were some variations in subsequent quarters, the company achieved overall growth throughout the year.

The upward trend continued in 2022, with the most significant increase occurring in Q3, where gross profit surged to ₦41.07 billion, reaching ₦43.2 billion by Q4 2022. In 2023, BUA experienced even more significant growth, achieving ₦56.66 billion in Q1, followed by an impressive ₦74.51 billion in Q2. Despite a decline to ₦51.12 billion in Q3 2023, the company bounced back in Q4, ending the year with a gross profit of ₦63.09 billion.

The year 2024 was marked by extraordinary performance for BUA Foods. In Q1, gross profit reached a notable ₦115.42 billion, establishing a new standard for the company. This growth trend persisted into Q2, where gross profit totaled ₦105.02 billion, followed by another peak of ₦115.38 billion in Q3. The most impressive increase was witnessed in Q4 2024, when BUA Foods reported a gross profit of ₦189.29 billion, reflecting an incredible rise compared to previous years.

Source:

BUA Foods Plc Annual Report, NGX

Period:

Q1 2021 - Q4 2024
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