brands/telecom

BUA Foods: Head and Shoulders Above the Rest as Rivals Struggle

Published

2 months ago

August 3, 2024

“Africa’s Biggest Giver”- Inside The Telling Video Celebrating BUA Chairman, Abdul Samad Rabiu’s Birthday

BUA Foods: Head and Shoulders Above the Rest as Rivals Struggle

Nigeria’s third largest publicly listed company, BUA Foods Plc reported Half Year 2024 earnings, beating analysts’ expectations on both the top and bottom lines as its stock makes a ton of sense to investors while peer rivals have capitulated to macroeconomic headwinds.

Restructuring and merger of all 5 business divisions and Conversion to plc and the introduction of new products combined with hedging against foreign currency risk have helped drive better-than-expected results and upside in stock performance.

The consumer goods giant is the best performing consumer stock on the Nigeria exchange as its shares have gained 96.43 percent as of July 31, 2024.

That compares with Unilever Nigeria’s year to date (YTD) returns of (+21.28 percent); Flour Mills Plc, (+39.18 percent); Nascon Allied Industries (-39.81 percent); Nestle Nigeria (-24.55 percent), Nigerian Breweries, (-22.22 percent); Dangote Sugar, (-34.82 percent); International Breweries, (-12.50 percent), and Guinness, (-8.33 percent).

During this period, the company has made significant strides in executing its strategic plans, successfully launching new products, specifically, macaroni, premium pasta and semolina to meet the yearnings of its customers.

BUA Foods diversified portfolio and expansion into new markets impacted revenue growth while strengthening its partnership with key stakeholders.

Expectedly, sales surged 109.51 percent to N672.39 billion as at June 2024.

The percent growth at the top line (sales) outperforms Unilever’s revenue growth of (+40.92 percent); Cadbury, (+44.46 percent); Nestle Nigeria, (+55.47 percent); Flourmills (+67.23 percent); Nigerian Breweries, (+72.94 percent); Guinness Nigeria (+30.53 percent); International Breweries, (+92.20 percent), Dangote Sugar, (+45.78 percent), and Nascon Allied, (+32.14 percent).

Because BUA Foods maintained a strong focus on cost optimization, it achieved sustained margins and profitability.

The company’s profit after tax (PAT) surged by 414.54 percent to N130.93 billion as at June 2024, making it the most profitable consumer goods firm in Nigeria even amid a difficult business environment.

Peer rivals such as Nestle Nigeria, Cadbury, Nigeria Breweries, Guinness, International Breweries, and Dangote Sugar, posted losses after taxes as they were hard hit by foreign currency revaluation losses.

Unilever, Flourmills, and Nascon Allied posted profits of N4.43 billion, N6.97 billion, and N4.84 billion.

brands/telecom

Al-Yusuff International Travel and tour limited Opens Ilorin office

Published

2 weeks ago

September 4, 2024

Sahara Weekly

Al-Yusuff International Travel and tour limited Opens Ilorin office

Al-Yusuff International Travel and tour limited is a leading hajji and umrah service provider in Nigeria. The firm is duly registered in Nigeria and with many years of successful and outstanding operation.

The good news reaching us from the company is that is opening her Ilorin office soon.

According to the information made available to us by the Chief Executive officer of Al-Yusuff International Travel and tour limited, Alhaji Mojeed Yusuff Oladele, the Ilorin office is located at Rukamat Plaza, No 1, Oro Road, Junction, Taiwo Road, Ilorin, Kwara, State.

He noted further that the grand opening is holding on Wednesday 11th, September. Many important personalities are expected to grace the grand opening.

brands/telecom

Adron Homes – A Giant Stride in Nigeria’s Real Estate Development

Published

1 month ago

August 19, 2024

Sahara Weekly

Adron Homes – A Giant Stride in Nigeria’s Real Estate Development

In the dynamic and rapidly evolving landscape of Nigeria’s real estate sector, one company has distinguished itself with visionary leadership, innovative projects, and a steadfast commitment to transforming housing development. Adron Homes and Properties, a key player in the industry, has redefined the standards of real estate in the country, making giant strides that resonate with both seasoned investors and first-time homebuyers alike.

Founded with a mission to make luxurious and affordable housing accessible to all Nigerians, Adron Homes has positioned itself as a leader in providing premium real estate solutions across the country. At the heart of its success is the company’s ability to understand and adapt to the evolving needs of the Nigerian market.

Adron’s strategy, under the leadership of its founder and CEO, Aare Adetola Emmanuel-King, has always been focused on making homeownership not just a dream but a tangible reality for many. This vision is driven by a firm belief that quality housing should be available to everyone, regardless of social or economic background.

The company’s approach to real estate development incorporates a broad spectrum of projects, from luxury estates to more affordable housing options, ensuring that their offerings cater to both the elite and middle-class demographics. With a presence in strategic cities like Lagos, Ibadan, Abuja, and beyond, Adron Homes has successfully expanded its footprint, creating a unique blend of architectural elegance, functionality, and modern living.

One of the major factors contributing to Adron Homes’ continued success is its focus on innovation and large-scale projects that reflect the aspirations of the modern Nigerian family. From residential estates that offer state-of-the-art facilities to eco-friendly environments designed to foster community living, the company is at the forefront of redefining urban living.

Key projects such as its Town Park and Gardens Emuren Imota, Eko City Park and Gardens, Lekki Epe, Grandview Park and Gardens in Atan-Ota, Treasure Parks and Gardens in Shimawa, and Rehoboth Park and Gardens in Ibeju-Lekki are prime examples of how Adron is revolutionizing real estate in the country. These estates boast modern infrastructure, well-planned layouts, and amenities that enhance the quality of life—such as parks, recreational centers, and security networks.

What truly sets Adron apart is its focus on delivering high-value estates at affordable prices. This strategy has opened the doors for middle-class Nigerians to invest in quality homes and land, an opportunity that was previously reserved for the affluent. The company offers flexible payment plans, making it easier for individuals to own properties without the overwhelming burden of upfront payments.

In addition to affordability, Adron Homes is also committed to sustainable development. The company integrates eco-friendly practices into its projects, such as the use of solar energy, rainwater harvesting systems, and green spaces, ensuring that its estates not only meet today’s needs but are also future-proofed for tomorrow’s environmental challenges.

As cities continue to grow and urbanization rates in Nigeria soar, Adron’s focus on creating communities that promote wellness and sustainability becomes increasingly significant. The design of these estates encourages walkability, reduces carbon footprints, and promotes environmental stewardship, which is crucial in addressing the impacts of climate change in urban areas.

Beyond real estate, Adron Homes is making significant contributions to social and economic development. The company is not just creating homes but building communities. Through job creation, Adron Homes has provided employment for thousands of Nigerians, from architects and construction workers to administrative and sales personnel.

The company’s outreach programs, such as Adron Empowerment Initiatives, have also impacted lives across the nation, providing skills training, scholarships, and small-scale business support to those in need. This commitment to corporate social responsibility ensures that Adron is not only a commercial success but a company deeply rooted in community development and empowerment.

Operating in the Nigerian real estate sector comes with its challenges. Factors such as fluctuating foreign exchange rates, inflation, and unstable government policies pose significant risks. However, Adron Homes has demonstrated remarkable resilience, maintaining its growth trajectory while navigating these hurdles.

The company’s ability to weather economic storms is largely attributed to its sound financial management, diverse portfolio, and innovative approach to overcoming obstacles. By staying ahead of trends and embracing technology, Adron continues to adapt to the changing real estate landscape, setting an example for others in the industry.

As Adron Homes looks to the future, its growth plans remain ambitious. The company is expanding its portfolio beyond residential estates to include commercial real estate, hospitality, and tourism developments. This diversification aligns with Nigeria’s growing demand for multi-purpose urban spaces and integrated living solutions.

In line with this, Adron has already begun the development of estates tailored to emerging real estate trends, such as smart homes and tech-enabled buildings that reflect the shifting dynamics of the global property market. As Nigeria’s population continues to grow, and urbanization trends increase, Adron is positioning itself to be a key player in shaping the cities of the future.

In a country where the housing deficit continues to pose a major challenge, Adron Homes stands out as a transformative force. Its ability to blend affordability with luxury, coupled with its innovative approach to real estate development, has set the company apart as a leader in the Nigerian market.