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CEMENT COMPANY OF NORTHERN NIGERIA PLC

Nature of Business: Manufacturers and marketers of cements.

Head Office Address: Kalambaina Road, P.M.B. 02166, Sokoto.

Telephone: (002346) 236 887, 230 338.

Telex: 73101 SOKCEM NG.

Website: None

Date of Incorporation: 1962.

Date Listed on the Lagos Stock Exchange: 4.10.93.

Auditors: Mu'Allahyidi & Company (Chartered Accounts), L8 Ahmadu Bello Way, P.O.Box 7772, Kaduna.

End of Accounting Year: 31st of December.

5-Year Financial Summary

CEMENT COMPANY OF NORTHERN NIGERIA PLC 5-YEAR FINANCIAL SUMMARY
CAPITAL EMPLOYED:	1998	1997	1996	1995	1994
	N'000	N'000	N'000	N'000	N'000
Fixed Assets	689,774	713,803	496,686	460,674	464,129
Building	6,072	3,946	32,276	50,883	39,698
Investment	5,000	5,000	5,000	5,000	5,000
Current Assets	479,805	400,867	610,304	457,340	354,127
Current Liabilities	(394,784)	(313,175)	(321,794)	(251,373)	(209,104)
	785,867	810,441	822,472	722,524	653,850

Financed By:
Share Capital	180,000	180,000	180,000	150,000	150,000
Capital Reserve	375,978	375,978	375,978	375,978	375,978
Reserve for Bonus Issue				30,000
General Reserve	118,886	115,150	114,681	114,733	76,059
Shareholders' Funds	674,864	671,128	670,659	670,711	602,037
Afribank Loan	64,583	87,500	100,000
FGN Debenture Loan	51,813	51,813	51,813	51,813	51,813
	791,260	810,441	822,472	722,524	653,850

Operations:
Gross Income	689,774	667,215	692,966	783,199	496,473
Profit before Tax	11,478	14,206	12,733	125,013	85,998
Profit after Taxation	3,736	(3,469)	(52)	95,673	53,327
Dividends per 50k Share				10k	8k
Earnings per Share	1.3k	1.2k	4.2k	52k	36k
Total Assets per 50k Share	395.3k	374.5k	381k	406k	359k
Net Assets per Ord. Share	225k	223.7k	223.6k	279k	251k
Dividend Cover (Times)				5	6.25
UP