Nigeria: BUA Cement recorded sales of US$423m throughout the first nine months of 2023, up by 27% year-on-year from US$333m in the first nine months of 2022. Growth in the group’s cost of sales outstripped revenues growth, at 31%, to US$236m. Energy costs rose by 27% year-on-year, while raw materials costs rose by 47% year-on-year. BUA Cement’s profit grew by 2.8% to US$96.4m, from US$93.9m.
