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Home Business News

NCR Nigeria Plc records N157 million pre-tax profit in 2020 FY

Adeyemi Adebayo by Adeyemi Adebayo
February 1, 2021
in Business News
NCR (Nigeria) Plc turnover crashes to ₦6.9 billion in 2017

QJW

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NCR Nigeria Plc (NCR) recorded a significant increase in its 2020 FY pre-tax profit, as total revenues declined.

NCR Nigeria Plc – an ICT solutions company – reported pre-tax profits of N156.83 million in 2020 FY as against N56.50 million pre-tax loss recorded in the same period of 2019.

Key highlights for 2020 FY

RelatedStories

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NCR (NIGERIA) PLC Records a Decline of 66.73% in Profit for the Period in Q3 2021

October 29, 2021
  • Revenue declined to N5.13 billion, -15.53% YoY.
  • Revenue from its financial service group declined to N3.14 billion, -19.78% YoY.
  • Revenue generated from its world customer services declined to N1.99 billion, -7.82% YoY.
  • Other operating income increased to N33.23 million, +110.9% YoY.
  • Cost of sales declined to N4.71 billion, -9.27% YoY.
  • Distribution expenses declined to N128.07 million, -73.7% YoY.
  • Administrative expenses declined to N58.51 million, -66.37%YoY.
  • No finance cost was recorded in the year.
  • Pre-tax profits increased to N156 million.

Follow us for Breaking News and Market Intelligence.
Tags: Business NewsNCR (Nigeria) Plc
Adeyemi Adebayo

Adeyemi Adebayo

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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