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