Cement Company of Northern Nigeria, CCNN

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.

CCNN PLC FY 2018 RESULTS.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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