R-E-S-U-L-T: CCNN Plc Post 19% Increasse in PAT to N1.4billion

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CCNN released its 2013 FY results showing a 4.4% increase in revenue to N15.7billion compared to N15.1billion posted in 2012.

• Gross profit rose 18.2% to N5billion (2012: N4.2billion)
• Operating profit rose 62% to N1.3billion
• Profit before tax rose 19% to N1.9billion (2012: N1.6billion)
• Profit after tax was N1.4billion 19% rise from N1.1billion posted in 2012
• Return on equity was 17% (201215.7%)

CCNN first released its results in the website of the NSE