Cement Co of Nigeria doubles 9M revenues

Cement Co of Nigeria saw 9M revenue advance 117.2 per cent to NGN42.51bn (US$5.3bn) in 2019 from NGN19.57bn in the 9M18, reports Reuters News.

In addition, the company posted a 9M profit before income taxes of NBN11.68bn, up 103.8 per cent when compared with NGN5.73bn in the 9M18.

Cement Co of Nigeria markets its cement under the Sokoto Cement brand name. The company is majority-owned by BUA International Ltd.