BUA Cement Plc 2024FY Earnings Note | Modest Gain amidst Rising Expenses
Despite a tough macroeconomic environment in 2024FY, BUA Cement Plc. (BUACEMENT) delivered strong revenue growth despite rising costs and currency volatility. The company leveraged strategic price adjustments and higher sales volumes to boost top-line performance, partially offsetting increased production expenses and FX losses. However, elevated operating and finance costs weighed on profitability, driven by inflationary pressures and higher interest expenses.In 2025FY, BUACEMENT’s profitability is expected to improve, supported by increased plant efficiency, expanded market reach, and rising domestic demand from infrastructure and private sector projects.
ARM Securities Limited is a full-service brokerage house that offers best-in-class brokerage services to local as well as foreign private and institutional investors. Formerly known as Hamilton Hammer, the Company commenced operation in 1994 and was acquired by ARM Investment Managers in 2008--an acquisition which has successfully re-positioned the company as a recognized brokerage firm in Nigeria. The Company is a dealing member of the Nigerian Stock Exchange (NSE) and is regulated by Securities and Exchange Commission (SEC). ARM Securities research team provides insightful commentaries on the Nigerian economy and its equity and debt markets using an approach which incorporates a thorough understanding of the fundamentals of the industries and companies under coverage. The research therefore adopts an integrated methodology of top-down analysis and bottom-up stock selection, which focuses on publicly quoted companies on the Nigerian Stock Exchange that are judged to offer the highest potential for earnings growth. In addition, its analysts provide periodic commentaries on a range of topical global and local issues which provide investing clients with a holistic view of the opportunities and risks in today’s financial market landscape.
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