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Business News

NCR (Nigeria) Plc turnover crashes to ₦6.9 billion in 2017

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NCR (Nigeria) Plc has released its Financial statements for the year ended December 2017.

The report shows a reduction in turnover from ₦7.06 billion recorded in 2016 to ₦6.91 billion in 2017.

The report also shows a profit before tax of ₦620 million as against ₦326.9 million in 2016.

Also, profit after tax stood at ₦150.6 million against ₦66.4 million recorded in 2016.

NCR (Nigeria) Plc was incorporated as a Limited Liability Company and commenced business on 9 December 1949 under the name National Cash Register Company (West Africa) Limited, and changed its name to NCR (Nigeria) Limited in 1974.

The Company was granted a listing on the Nigerian Stock Exchange on 30 May 1979 and became known as NCR (Nigeria) Plc. on 16 July 1996. NCR (Nigeria) Plc is a Company domiciled in Nigeria.

61.76% of the share capital of the company is held by NCR Corporation, USA, while, the balance of 38.24% is held by Nigerians.

The Company’s principal activity includes the provision of technology and services that help businesses connect, interact and transact with their customers.

NCR (Nigeria) Plc is a technology company that provides innovative products which include:

  • ATM (Automated Teller Machines)
  • Retail Point of Sales terminals (Point of Sale)
  • Self Service Kiosks
  • Self-check-in/out systems.
  • Sale of computer consumables.

The company introduced the first ATM in Nigeria in 1989.

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via [email protected]

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