CCNN reports revenue growth of 43.5% in Q3 2018

Cement Company of Northern Nigeria (CCNN) Plc has released its financial results for the third quarter ended September 30, 2018. Here are key highlights of the results:

Revenue

The revenue increased from ₦13.62 billion in 2017 to ₦19.57 billion in 2018. This represents a 43.5% increase year on year.

Profit before tax

Profit before tax increased from ₦2.85 billion in 2017 to ₦5.72 billion in 2018. This represents 99.7% increase year on the year.

Profit after tax

Profit after tax increased from ₦2.03 billion in 2017 to ₦4.01 billion in 2018. This represents 96.6% increase year on the year.

Earnings per share

Earnings per share increased to ₦319 in 2018.

Current share price

The current share price opens at ₦17.15 in today’s trading session on the floor of the Nigerian Stock Exchange.