BUA foods PLC trills investors with impressive earning reports for the year 2022 and the company stock price is up fifteen percent YTD

BUA Foods is a food factory company and the company reported better-than-expected numbers in its recent full-year financial result. The company reported N100.6 billion for the year ending 2022 and its stock price is up by 15% year to date.

BUA Foods (Bur food stock symbol is BUAFOODS) is one of the best-performing stocks on the Nigerian Stock Exchange for the year 2022.  The stock was selling at N74.5 per share at the end of the trading period on January 22, 2023.

In its recent pretax report, the company had a pretax profit of N100.63  billion, which means an increase of 29.44% from the N1.7 billion that the company reported in 2021.

Here are the full details of BUA Food’s

Revenue

2022 FY: N417.82 billion

2021 FY: N333.27 billion

Change: +25.36%

Gross Profit

2022 FY: N135.51 billion

2021 FY: N102.96 billion

Change: +31.61%

Operating profit

2022 FY: N108.75 billion

2021 FY: N79.89 billion

Change: +36.12%

Finance cost

2022 FY: N8.15 million

2021 FY: N5.04 million

Change: +61.70%

Pre-tax profit

2022 FY: N100.63 billion

2021 FY: N90.40 billion

Change: +29.44%

Net Profit after tax

2022 FY: N90.40 billion

2021 FY: N69.76 billion

Change: +29.58%

BUA Food brands 

• Sugar
• Flour
• Oil
• Pasta 
• Rice

Click here to read it full earning result for the year. https://www.buafoodsplc.com/wp-content/uploads/2022/05/BUA-Foods-Unaudited-FS-2022-Final-28Apr2022.pdf