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