CCNN Plc full year revenue rises by 62% to N31.7 billion in 2018

Cement Company of Northern Nigeria has released its full-year results for the 2018 financial year. Here are the highlights of the results

Revenue rose from N19.5 billion in 2017 to N31.7 billion in 2018. Revenue increased by 62% year on year.

Profit before tax rose from N4.2 billion in 2017 to N7.5 billion in 2018. This amounts to an 81% increase year on year.

Profit after tax also rose from N3.2 billion in 2017 to N5.7 billion in 2018. This amounts to a 78% increase year on year.

Earnings per share, however, dipped from N2.57 in 2017 to N0.44 in 2018. This amounts to an 83% drop year on year.

CCNN full year revenue jumps by 62% in FY 2018