BUA Foods Targets Market Expansion, Efficiency As Profit Hits N450.5bn

BUA Foods Plc has said it will focus on expanding market penetration, protecting its efficiency gains and pursuing profitable growth, after cost cuts lifted its nine-month profit despite a sharp fall in revenue.
The company said it will build on its established brands and supply chain to reach more consumers and respond to changing demand.
The company reported an increase in gross profit to N552.90 billion for the nine months ended 30 September 2026, compared with N520.65 billion in the corresponding period of 2025.
Gross profit margin rose to 48.3 per cent, from 36.7 per cent in the prior-year period, reflecting improved cost efficiency and disciplined cost management.
The managi...