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:
The revenue increased from N13.62 billion in 2017 to N19.57 billion in 2018. This represents a 43.5% increase year on year.
Profit before tax
Profit before tax increased from N2.85 billion in 2017 to N5.72 billion in 2018. This represents 99.7% increase year on the year.
Profit after tax
Profit after tax increased from N2.03 billion in 2017 to N4.01 billion in 2018. This represents 96.6% increase year on the year.
Earnings per share
Earnings per share increased to N319 in 2018.
Current share price
The current share price opens at N17.15 in today’s trading session on the floor of the Nigerian Stock Exchange.