BUA Foods profit rises to N450bn despite revenue decline

BUA Foods Plc reported a profit after tax of N450.47bn in the first nine months of 2026, marking an 11.15% increase from N405.27bn in the same period of 2025, despite a 19% decline in revenue. The company's improved profitability is attributed to lower production costs, reduced operating expenses, and a more stable foreign exchange environment. BUA Foods' Managing Director, Ayodele Abioye, attributed the performance to effective cost optimisation, improved productivity, and rigorous execution across the business.

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