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Sokoto Cement grows profit to N1.25bn

The Chairman, Cement Company of Northern Nigeria, Dr Abdulsamad Rabiu on Wednesday said that despite the harsh economic environment, the company was able to grow its profit by four per cent from N1.2bn in 2015 to N1.25bn in 2016.

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Rabiu said this during the company’s 38th Annual General Meeting which was held in Abuja.

He said despite the fact that average cement price was impacted negatively by the economic challenges, the company was able to continue on the path of profitability.

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He attributed this to the strict cost efficiency regime which the management of the company was able to maintain during the period.

This, he added, was done in order to promote strong value for shareholders of the company.

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