CCNN Declares N7.28bn PAT in Q2 2019 Results,(SP: N11.60k)

Proshare

FridayJuly 26, 2019 05:48 PM / NSE 


Cement Company of Northern Nigeria Plc released its Q2 Unaudited Results for the Period ended June 30, 2019.

 

Key Highlights

Revenue spike  by 166.0% to N32.15bn from N12.09bn in the previous year.

Profit Before Tax grew by 165.3% to N9.71bn from N3.66bn recorded in the previous year.

Profit After Tax also grew impressively by 179.8% to N7.28bn.

Net Assets however grew marginally by 2.18% to N340.77bn from N333.49bn as at 31st December, 2018.

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Graph – One Year Share Price Movement

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