• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

2019 Q1: CCNN reports revenue growth of 213% after merger

Damilare Famuyiwa by Damilare Famuyiwa
May 8, 2019
in Business News, Company News, Company Results
CCNN Plc
Share on FacebookShare on TwitterShare on Linkedin

Following its merger with Kalambaina Cement Company Limited, the Cement Company of Northern Nigeria Plc (CCNN), has recorded a laudable financial result in the first quarter period ended March 31, 2019.

Revenue for the period: CCNN‘s revenue jumped by 213 percent to N16.886 billion in Q1 2019, up from N5.394 billion in the corresponding period last year.

Gross Profit: The cement company’s gross profit increased by 239 percent to N7.689 billion in Q1 2019, up from N2.263 billion in Q1 2018

RelatedStories

Abdul Samad Rabiu, BUA

Abdulsamad Rabiu’s net worth dropped by $2.5 billion in 2023 

January 1, 2024
CCNN nets ₦19.5 billion as FY 2017 revenue

Abdulsamad Rabiu loses $3B in 60 days, net worth dangles at $5.6B 

July 13, 2023

Profit before and after tax: More so, CCNN recorded a surge of 255 percent in profit before tax (PBT) to N5.348 billion in 2019, compared with N1.504 billion in 2018, while profit after tax followed same growth trajectory, rising by 235 per cent to N3.636 billion, from N1.083 billion in 2018.

Nairametrics had reported that CCNN received formal approval of the Securities and Exchange Commission (SEC) to merge with Kalambaina Cement Company Limited.

The development follows CCNN’s announcement regarding the merger. Accordingly, the Scheme of merger, the merger took effect from Monday, December 24, 2018.

The merger is expected to see the company’s cement production enlarged at a capacity of 2 million metric tonnes per annum.

About CCNN: The company manufactures and sells cement in Nigeria. Cement manufactured by CCNN are sold with the Sokoto Cement brand name. It primarily markets in Sokoto, Kebbi, Zamfara, Katsina, Kano, and Kaduna states. The company was incorporated in 1962 and is headquartered in Sokoto State, Nigeria.

CCNN was established with an initial installed capacity of 100,000 metric tonnes per annum at the Kalambaina plant. The need to meet the increasing demand for cement necessitated an expansion of the plant with the commissioning of the second line with an installed capacity of 500,000 tons per annum in 1985. Thereafter, in 1986, the first line was shut down in 1986, leaving the plant with a rated output of 500,000 metric tonnes per annum.

CCNN is a subsidiary of BUA International Limited. The company is currently trading N15.30 on the floor of the Nigerian Stock Exchange (NSE).


Follow us for Breaking News and Market Intelligence.
Tags: CCNNCement Company of Northern NigeriaKalambaina Cement Company Limited
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

Abdul Samad Rabiu, BUA
Billionaire Watch

Abdulsamad Rabiu’s net worth dropped by $2.5 billion in 2023 

January 1, 2024
CCNN nets ₦19.5 billion as FY 2017 revenue
Billionaire Watch

Abdulsamad Rabiu loses $3B in 60 days, net worth dangles at $5.6B 

July 13, 2023
CCNN utilising inorganic growth against Dangote Cement with Obu cement merger approval  
Business News

CCNN utilising inorganic growth against Dangote Cement with Obu cement merger approval  

December 5, 2019
Corporate Actions
Spotlight

CORPORATE ACTIONS: ‘Deap’ Changes and Sweet Tales

July 21, 2019
CCNN Plc
Business News

CCNN Plc is set to pay its shareholders N0.40 dividend

July 3, 2019
BUA Group, CCNN, EMEA Finance Award
Company News

CCNN, BUA Cement wins EMEA Finance Award

June 24, 2019
Next Post
Africa Fintech Foundry, AFF conference in Nigeria, Tech innovators

$10,000 up for grabs as AFF gathers tech innovators

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • U.S introduces new immigration fees for asylum and work permit applicants, effective July 22 
  • Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards
  • United States appoints Rick Swart as new Consul General to Southern Nigeria 

Follow us on social media:

Recent News

United States extends period for work permits for non-citizens

U.S introduces new immigration fees for asylum and work permit applicants, effective July 22 

July 19, 2025
Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards

Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards

July 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics