BUA Foods Plc has reported a profit after tax soaring by 145.3 per cent to N274.95bn in the fiscal year 2024.

In a statement made available to our correspondent on Sunday, the company’s gross profit grew by 107.9 per cent to N541.71bn, further demonstrating its operational efficiency.

According to the statement, the company’s revenue reached N1.53tn last year, marking a growth of 109.3 per cent from N729.4bn in 2023. Gross profit grew by 107.9 per cent, reaching N541.71bn.

Also, its earnings before interest, taxes, depreciation, and amortization saw a rise, increasing by 131.5 per cent to N499.4bn, which highlights the company’s ability to generate cash flow, even in a competitive market.

https://punchng.com/bua-foods-posts-n275bn-profit/