BUA Foods’ nine-month profit rises to N450 billion

File photo: Mile 12 Market, Lagos.
File photo: Mile 12 Market, Lagos. Photo: Jalol Pempeh / CC BY-SA 4.0, via Wikimedia Commons

“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…

“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.

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