HBM Nigeria posts N208bn H1 profit

HBM Nigeria Plc recorded a 57 per cent increase in profit after tax (PAT) to N208.35 billion for the first half of 2026, supported by higher cement sales, stronger production volumes, improved operating efficiency and tighter cost management, as the building materials manufacturer outlined plans for additional capacity expansion to sustain future growth.
The unaudited financial results for the six months ended June 30, 2026 showed that revenue rose by 31 per cent to N678.41 billion from N516.98 billion in the corresponding period of 2025, while operating profit increased by 51 per cent to N290.94 billion from N192.27 billion. Operating margin also improved to 43 per cent from 37 per ...