Home Business Brands & Marketing How NCR Nigeria records 74.09% drop in pre-tax profit

How NCR Nigeria records 74.09% drop in pre-tax profit

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NCR Nigeria Plc has released its unaudited financial statements for the nine months ended September 30, 2020, with revenue from contracts with customers of N3.835 billion from N3.937 billion in the same period in 2019.

The result showed that profit before tax dropped by 74.09per cent to N76.05 million from N293.501 million in the same period in 2019.

The revenue for the third quarter (Q3) 2020 dropped by 40.44 per cent to N907.691 million from N1.524 billion in 2019 while profit before tax stood at N55.252 million from loss of N83.435 million in Q3 2019.

NCR provides innovative products which include ATM (Automated Teller Machines), Retail Point of Sales terminals, Self Service Kiosks, Self-check-in/out systems and sale of computer consumables.

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