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.