Goddy Egene
BUA Cement, Nigeria’s second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts for the full year ended December 31, 2020, showing an increase of 19 per cent 2019.
Gross profit printed at N95.432 billion in 2020, indicating an increase of 16 per cent, compared with N82. 443 billion in 2019. BUA Cement Plc’s excellent cost management led to a decline of 33 per cent in net financing cost to N3.438 billion in 2020, from N5.192 billion in 2019.
Also, the focus on efficiency, a strong management team and newer technologically advanced plants resulted in an improved bottom-line with profit before tax (PBT) growing to N79.066 billion in 2020, up from N66.273 billion, while profit after tax (PAT) rose from N60.61 billion to N70.518 billion in 2020.
Assam has came up with State Data Center
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Synopsis
SDC is envisaged to establish a robust infrastructure to enable the Government to deliver the services quickly and effectively to its stakeholders. The proposed State Data Centre, connected to the State Wide Area Network (SWAN), shall provide the access to the e-Governance applications & Services to Government employees through Intranet and to the citizens through public Internet/CSCs etc.
Agencies
Assam chief minister Sarbananda Sonowal inaugurated the center.
GUWAHATI: Assam on Saturday came up with Assam State Data Center (SDC) is for Shared, reliable, and secure infrastructure services center, for hosting and managing the e-Governance Applications of State and its constituent departments’.
Q4 2020 and Full-Year 2020 Financial Performance Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world s largest aluminium smelter w/o China, has reported a Profit of BD32 million (US$85.1 million) for the fourth quarter of 2020, up by 132% Year-over-Year (YoY) versus a Profit of BD13.8 million (US$36.7 million) for the same period in 2019. The Company reported Basic and Diluted Earnings per Share of fils 23 for Q4 2020 versus Basic and Diluted Earnings per Share of fils 10 for the same period in 2019. The Total Comprehensive Income for Q4 2020 stood at BD32.9 million (US$87.7 million) versus Total Comprehensive Income for the fourth quarter of 2019 of BD13.8 million (US$36.7 million) - up by 138% YoY. Gross Profit for the fourth quarter of 2020 was BD60.1 million (US$159.9 million) versus BD44.8 million (US$119.1 million) in Q4 2019 - up by 34% YoY.