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Tag: BUA Foods

BUA Foods declares ₦81bn dividend for FY 2022
Business

BUA Foods to double dividend as profit soars

BUA Foods, Nigeria’s most valuable listed company, is projected to more than double its dividend payout this year, supported by strong profit growth and improving cash flow, according to analysts at Lagos-based research, advisory and consultancy firm, CardinalStone. The anticipated dividend increase would extend the consumer goods company’s dividend-paying streak, which it has sustained over […]

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BUA foods, Italian firm partner to boost pasta production capacity

BUA Foods Plc has signed a capacity expansion agreement with Italian company FAVA to boost its pasta production from 400,000 tonnes to 900,000 tonnes annually. This partnership aims to enhance BUA Foods’ market presence and meet growing consumer demand for pasta products in Nigeria and beyond. This was disclosed in a statement signed by the […]

BUA Foods record revenue, profit growth despite challenges
Business

BUA Foods record revenue, profit growth despite challenges

BUA Foods Plc reported a notable rise in revenue that drove profit and most likely affected the return to shareholders despite macroeconomic constraints. According to ThisDay, the company hasn’t disclosed a dividend payment to shareholders yet. In its unaudited result and account for the full year ended December 31, 2023, the food company, which produces […]

BUA Foods declares ₦81bn dividend for FY 2022
Business

BUA Foods declares ₦81bn dividend for FY 2022

BUA Foods Plc shareholders unanimously approved the proposed final dividend payment of NGN4.50 per share with a total value of NGN81 billion at the company’s 2nd Annual General Meeting held in Abuja at the Transcorp Hilton Hotel. The Times reported that this value was influenced by the positive growth that was reported in the fiscal year that concluded […]

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