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News CCNN’s profit rises following merger with Kalambaina Cement

CCNN’s profit rises following merger with Kalambaina Cement

Written by Global Cement staff 23 April 2019
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Nigeria: The Cement Company of Northern Nigeria’s (CCNN) profit rose in 2018 following its merger with Kalambaina Cement. Its profit after tax grew by 77% year-on-year to US$15.9m in 2018 from US$8.9m in 2017, according to the Punch newspaper. It produced 0.76Mt of cement in 2018 and it sold 0.74Mt. The company is planning to expand its production distribution in north-east and north-central regions as it does not expect the north-west to absorb its enlarged production capacity of 2Mt/yr.

Last modified on 24 April 2019
Published in Global Cement News
Tagged under
  • Nigeria
  • Cement Company of Northern Nigeria
  • Results
  • Merger
  • Kalambaina Cement
  • Distribution
  • GCW401

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