BUA Foods’ nine-month profit rises to N450 billion
BUA Foods reported a profit of N450 billion for the first nine months of the year. Revenue fell by 19% to N1.15 trillion. CEO Ayodele Abioye attributed this revenue drop to subdued consumer demand and softer pricing. The company improved profitability through rigorous execution and improved productivity. Cost optimisation also played a role in these financial results.
“Despite a 19% decline in revenue to ₦1.15 trillion, driven by softer pricing conditions and subdued consumer demand, we maintained a substantial improvement in profitability through effective cost optimisation, improved productivity, and rigorous execution across the business,” CEO Ayodele Abioye said. The post BUA Foods’ nine-month profit rises to N450 billion appeared first on Premium Times Nigeria .