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Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 (5673 Views)

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Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by MyVc: 12:44pm On May 11
Cement Company of Northern Nigeria (CCNN) has announced its first quarter 2019 unaudited financial results for the period ended 31st March 2019.

The company grew its revenue from N5.39 to N16.89 billion. Year-on-Year this shows a performance growth of 213.36% for the period ended. The company's cost of sales surged from N3.1 billion to N9.1 billion.

Business Hour Nigeria reports that CCNN gross profit appreciated from N2.2 billion to N7.6 billion. This shows Year-on-Year gross profit growth of 245.5%. Whilst the company's other income grew from N116.8 million to N2.1 billion.

The company grew its Profit Before Tax (PBT) from N1.5 billion to N5.3 billion. This shows PBT growth of  253.3% on Year-on-Year performance basis. Cement Company of Northern Nigeria reported Profit After Tax (PAT) of N3.6 for the period ended. The company grew its PAT from N1.1 billion in Q1 2018 to N3.6 billion in Q1 2019. Year-on-Year the company's PAT was up by 227.3%.

However, the company's Earnings Per Share (EPS) declined by 58 Kobo per share. The company's Earnings Per Share declined from 86 Kobo to 28 Kobo. Year-on-Year CCNN EPS was down by 67.4%. 

The selling and distribution expenses soared from N245.87 million to N1 billion. Whilst its administrative expenses increased from N597.65 million to N1.29 billion. 

Source: https://businesshournigeria.com/cement-company-o…rst-quarter-2019/ ‎

CC: Lalasticlala, Mynd44.

3 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by lordm: 1:51pm On May 11
T
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by BabaCommander: 6:39am On May 16
Looks impressive.
Since it's northern owned, they wont kill it for Dangote.

7 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by myresearch: 6:40am On May 16
Nigeria population is good for business



Apart from insecurity



I will gladly encourage people to invest here


Naija

7 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by blackpanda: 6:41am On May 16
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Algeria ke
Chai. Nigerians don suffer cheesy

16 Likes 1 Share

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by porshnuel(m): 6:41am On May 16
Which one is northern cement .....this alamajiris nw own nigeria full time

2 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by damola1: 6:42am On May 16
Cement ? Ok
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Yahman1(m): 6:42am On May 16
this really impressive but me think the north got much Mud houses than concrete ones.

7 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by fabianiyobosa: 6:43am On May 16
Northern Nigeria? Not of Nigeria. So we can also have Southern Nigerian Petroleum Cooperation (SNPC) and not Nigerian National Petroleum Cooperation. We are not one in this country.

17 Likes 4 Shares

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by salbis(m): 6:44am On May 16
Their staff should also partake from this huge profit.
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by visijo(m): 6:45am On May 16
Noone keeps in touch like a woman you promised to send money.They be like,'Honey did you enjoy your day tommorow ?'

3 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Oma307: 6:47am On May 16
can someone explain better which one is northern cement company of Nigeria

2 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by wickyyolo: 6:49am On May 16
myresearch:
Nigeria population is good for business



Apart from insecurity



I will gladly encourage people to invest here


Naija

Leave them to complain . Go to USA and Canada.
I have already gotten lands in Rwanda and Tanzania planning to open more shops. While they waste money trying to cross to spain

9 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by VellyG(m): 6:52am On May 16
K1voyage:
Algeria visa for footballers and non footballers. Visa ready within a week. Trier matches with 4 top clubs.
All application must be received by Friday 17.5.19
Call us now
Al-Baraq Travels
Whatsapp - 08024029843
You people have come again with all these nonsense when they start maltreating Nigerians u will be. The first to come here and complain. At this point where every country is rejecting us its time we need to sit backed and fix the country.

2 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by KidsNEXTdoor: 6:54am On May 16
The country of Northern Nigeria has her own hisbah police....

Which one does the country of southern Nigeria have?

1 Like

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 6:55am On May 16
K1voyage:
Algeria visa for footballers and non footballers. Visa ready within a week. Trier matches with 4 top clubs.
All application must be received by Friday 17.5.19
Call us now
Al-Baraq Travels
Whatsapp - 08024029843

There's nothing in Algeria even though it's richer than Nigeria
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by KidsNEXTdoor: 6:56am On May 16
VellyG:

You people have come again with all these nonsense when they start maltreating Nigerians u will be. The first to come here and complain. At this point where every country is rejecting us its time we need to sit backed and fix the country.


How can you fix a country that Buhari is leading?

A man who promised to fight corruption and stop public office holders from seeking medical treatment abroad but was first to break the promise...

A man without integrity who dines with corruption

You can't fix such a country... Better find your way

5 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by NwaliE01(m): 6:57am On May 16
I didn't see growth. The company experienced sporadic cash flow.
However, the company's Earnings Per Share (EPS) declined by 58 Kobo per share. The company's Earnings Per Share declined from 86 Kobo to 28 Kobo. Year-on-Year CCNN EPS was down by 67.4%.

The selling and distribution expenses soared from N245.87 million to N1 billion. Whilst its administrative expenses increased from N597.65 million to N1.29 billion.

That's not a good marginal profit considering the operational and administrative cost.

3 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by KidsNEXTdoor: 6:58am On May 16
myresearch:
Nigeria population is good for business



Apart from insecurity



I will gladly encourage people to invest here


Naija

What about the power for the business

Have you settled omonile and Mc oluomo boys

Look... The country must find a way to hold you down

Better japa now
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by ednut1(m): 6:59am On May 16
K1voyage:
Algeria visa for footballers and non footballers. Visa ready within a week. Trier matches with 4 top clubs.
All application must be received by Friday 17.5.19
Call us now
Al-Baraq Travels
Whatsapp - 08024029843
fear God
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 7:00am On May 16
wickyyolo:


Leave them to complain . Go to USA and Canada.
I have already gotten lands in Rwanda and Tanzania planning to open more shops. While they waste money trying to cross to spain

Di you know anything about gold business in Tanzania?
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by MANNABBQGRILLS: 7:00am On May 16
This is a very good NEWS.

1 Like

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 7:01am On May 16
wickyyolo:


Leave them to complain . Go to USA and Canada.
I have already gotten lands in Rwanda and Tanzania planning to open more shops. While they waste money trying to cross to spain

I appreciate what you write as it is based on information not on fantasy

1 Like

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Dudeweedlmao(m): 7:05am On May 16
How come he wants to sell his cement factory?
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by BlacSmit: 7:17am On May 16
Keyword: Unaudited

1 Like

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by DarryOsh(m): 7:22am On May 16
NwaliE01:
I didn't see growth. The company experienced sporadic cash flow.
However, the company's Earnings Per Share (EPS) declined by 58 Kobo per share. The company's Earnings Per Share declined from 86 Kobo to 28 Kobo. Year-on-Year CCNN EPS was down by 67.4%.

The selling and distribution expenses soared from N245.87 million to N1 billion. Whilst its administrative expenses increased from N597.65 million to N1.29 billion.

That's not a good marginal profit considering the operational and administrative cost.

You're smart bro.

Most people read the headline and perharps first paragraph. And they think the company is doing spectacularly well.

5 Likes

Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Mindlesskid: 7:33am On May 16
With all this increase, your share price still dropped, i dont get. undecided
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by abdulkayus(m): 7:43am On May 16
BabaCommander:
Looks impressive.
Since it's northern owned, they wont kill it for Dangote.

U guys with your conspiracy theories against Dangote, ur excuses are becoming lame. Dangote is not the only cement producer in Nigeria, he may be the leader in cement producing. There are Bua, sokoto cement, lafarge cement, and others.
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by phemmie06(m): 8:04am On May 16
Mindlesskid:
With all this increase, your share price still dropped, i dont get. undecided
Yes the merger between ccnn and kalabaima leads to that
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by freedomchild: 8:43am On May 16
we igbos do have our own cooperations especially in the banking industry. so the north can have theirs in cement industry but I don't see the future growth of their cement industry because northerners largely live in mud houses. Igbos won't patronize them as they already have ibeto cement whom they share there emotions with.

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