BUA Cement reports an 80% increase in first-half 2026 profit to N324.9 billion, attributing the improvement to cost discipline and gains from new market activity, according to reports from Daily Post Nigeria. Both outlets also highlight that the company records net foreign exchange gains of N16.57 billion in the first half of 2026, compared with net FX gains of only N782.8 million in the same period of the prior year. The improvement contrasts with BUA Cement’s net foreign exchange position in 2025, when it posted a net foreign exchange loss of N9.70 billion for the full financial year, which suggests a change in conditions affecting currency movements. Premium Times Nigeria adds that finance income rises to N18.73 billion, supported by higher interest earned on cash balances. Together, the reporting indicates that BUA Cement’s earnings in the period are supported both by foreign exchange gains and stronger returns from cash holdings, alongside operational measures aimed at managing costs and expanding business reach. The company’s figures reflect the impact of a comparatively more stable exchange-rate environment during the first half of 2026.
BUA Cement posts 80% profit jump to N324.9bn, driven by FX gains
BUA Cement reports an 80% increase in first-half 2026 profit to N324.9 billion, attributing the improvement to cost discipline and gains from new market activity, according to reports from Daily Post...
- BUA Cement’s first-half 2026 profit rises 80% to N324.9 billion.
- The company reports net foreign exchange gains of N16.57 billion in the first half of 2026.
- Net foreign exchange gains were N782.8 million in the first half of the previous year.
- BUA Cement recorded a net foreign exchange loss of N9.70 billion for the full 2025 financial year.
- Finance income increases to N18.73 billion, supported by higher interest earned on cash balances.
BUA Cement recorded a net foreign exchange gain of N16.57 billion during the first half of 2026 compared with only N782.8 million in the same period last year and a N9.70 billion foreign exchange loss for the full 2025 financial year. This marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency […] BUA Cement profit jumps 80% to N324.9BN on cost discipline, new markets entry
1 hour agoFinance income also increased sharply to N18.73 billion, supported by higher interest earned on cash balances. The post BUA Cement records N16.57bn foreign exchange gains appeared first on Premium Times Nigeria.
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