BUA Foods Plc, Nigeria’s second-largest consumer goods firm by market value, has grown its net profit by the most in at least six years, driven by strong demand across its product lines, a stable naira, and a return to foreign exchange gains after years of losses.
Net income for the six months through June doubled to N260.1 billion from N130.9 billion a year earlier, according to unaudited results published Wednesday. Revenue climbed 36 percent year-on-year to N912.5 billion, driven by higher sales in fortified sugar and bakery flour.
Earnings per share rose to N14.45, up from N7.27 in the same period of 2024.
