NCR (Nigeria) Plc turnover crashes to ₦6.9 billion in 2017

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NCR (Nigeria) Plc has released its Financial statements for the year ended December 2017.

The report shows a reduction in turnover from ₦7.06 billion recorded in 2016 to ₦6.91 billion in 2017.

The report also shows a profit before tax of ₦620 million as against ₦326.9 million in 2016.

Also, profit after tax stood at ₦150.6 million against ₦66.4 million recorded in 2016.

NCR (Nigeria) Plc was incorporated as a Limited Liability Company and commenced business on 9 December 1949 under the name National Cash Register Company (West Africa) Limited, and changed its name to NCR (Nigeria) Limited in 1974.

The Company was granted a listing on the Nigerian Stock Exchange on 30 May 1979 and became known as NCR (Nigeria) Plc. on 16 July 1996. NCR (Nigeria) Plc is a Company domiciled in Nigeria.

61.76% of the share capital of the company is held by NCR Corporation, USA, while, the balance of 38.24% is held by Nigerians.

The Company’s principal activity includes the provision of technology and services that help businesses connect, interact and transact with their customers.

NCR (Nigeria) Plc is a technology company that provides innovative products which include:

• ATM (Automated Teller Machines)
• Retail Point of Sales terminals (Point of Sale)
• Self Service Kiosks
• Self-check-in/out systems.
• Sale of computer consumables.

The company introduced the first ATM in Nigeria in 1989.