Cement Company of Northern Nigeria PLC has released its third quarter result, for the period ended, 30th September, 2018.
The Sokoto base Cement manufacturing company reports a profit after tax (PAT) of N4.10 billion, which is a growth of 96.94% against the previous close of N2.036 billion reported in the corresponding period of 2017.
The financial report which was made public on Monday, December 17, 2018 showed that the company’s topline figure of N19.5 billion recorded in the quarter three, 2018 advanced by 43.61%, above N13.6 billion recorded in the Q3’2017.
The earnings per share (EPS) also grew by 96.94 % from 1.62kobo of Q3’17 to 3.19kobo recorded in the period under review.
The current period’s PE Ratio is at 5.37x and the earnings yield at 18.61 % with a reference stock price of N17.15 per unit at the date of computation.