The full year financial report of Cement Company of Northern Nigeria PLC for the year ended December 31st 2018 reveals that the group topline figures grew by 61.94% closing at N31.721 billion from the previous close of N19.588 billion in 2017.
Profit before Tax (PBT), advanced by 80.62% to settle at N7.591 billion from N4.203 billion of 2017.
The Profit after Tax (PAT) also soared by 77.78% arriving at N5.731 billion from the previous close of N3.223 billion.
For the period under review, the EPS of Sokoto base company stands at N0.44 from N0.25 earned in the preceding year of 2017.
At a stock price of N19.00, the company’s price to earnings ratio settles at 43.57x with about 2% earnings yield as at when computed.
The group proposes a final dividend of N0.40kobo per ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 1st July, 2019.
The Register of Shareholders will be closed from 2nd -8th July, 2019 while the qualification date is on 26th July, 2019.