CCNN record 39% increase in revenue for 2017

Cement Company of Northern Nigeria (CCNN) Plc has announced a 39 per cent YoY increase in revenue for the full-year 2017 period, to NGN19.59bn (US$54.41) from NGN14.09bn. Despite the cost of sales rising 18 per cent to NGN11.98bn, profit after tax advanced 157 per cent to NGN3.22bn (2016: NGN1.25bn).

As a result, the directors of the company have approved a dividend of NGN1.57bn, or 125 kobo per share, for the shareholders.