Billionaire Abdul Samad Rabiu's BUA Foods grows profit to $103 million in Q1 2026 even as revenue falls 11%

Billionaires Africa | 30.04.2026 19:21
BUA Foods posted a profit of N141.9 billion ($103.4 million) for the first quarter of 2026, a modest increase from N136.4 billion ($99.2 million) in the same period a year earlier, even as revenue fell sharply, according to the company's unaudited financial statement filed on April 29.