Skip to main content

Nigerian cement company reports 23% profit increase

Published by , Editor
World Cement,

The Cement Company of Northern Nigeria (Sokoto Cement), part of the BUA Group, reported a 23% increase in profit after tax for the 2014 financial year (FY14), at N1.918 billion.

Speaking at the AGM, the company’s chairman said that sales had been affected by unrest in some markets, but that this had been compensated by a focus on efficiency and strategic investments. CCNN reported lower operational expenses of N2.40 billion in 2014, down from N2.77 billion in 2013.

The company is planning to expand production with a N48 billion project to raise capacity.

Edited from various sources by


Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your advance tickets NOW »


A sustainable step forward

Lafarge Canada and CarbiCrete partner to scale deployment of carbon-negative concrete technology.


Embed article link: (copy the HTML code below):