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Home Business News

CCNN nets ₦19.5 billion as FY 2017 revenue

Onome Ohwovoriole by Onome Ohwovoriole
March 27, 2018
in Business News, Company News
CCNN nets ₦19.5 billion as FY 2017 revenue

Abdulsamad-Rabiu Chairman CCNN Plc

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Cement Company of Northern Nigeria (CCNN) recently released its FY 2017 results. Revenue increased from ₦14 billion in 2016 to ₦19.5 billion in 2017.

Profit before tax jumped massively from ₦1.7 billion in 2016 to ₦4.2 billion in 2017. Profit after tax also surged from ₦1.2 billion in 2016 to ₦3.2 billion in 2017.

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The company has declared a dividend of ₦1.25 per share.

Here is a copy of its result.


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Tags: 2017 FY resultsCCNN
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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