Cost Control and Profitability of Listed Construction Companies in Nigeria

This study examines the impact of cost control on the profitability listed Construction companies in Nigeria. The study employed expost- facto research design. Data was collected from the annual reports of the companies. The data collected was analyzed using multiple regression analysis. The findings reveal that for every unit increase in CV, the Return on Assets (ROA), the Inventory Management Efficiency (IME) indicated a marginal influence on profitability, with a unit increase in IME leading to a 0.015-unit increase in ROA, that for every unit increase in PE, ROA increases by 0.586 units and for every unit increase in CQ, the ROA decreases by a notable 4.475 units. Based on the findings, the following recommendations are proposed: An efficient system that actively tracks and manages variances can facilitate better decision-making and strategy formulation, potentially enhancing profitability in the long run, even if the immediate impact isn't statistically significant and Construction companies should delve deeper into localized challenges that may be impeding the translation of inventory efficiency into profitability. This could include tailored training programs, the adoption of technology-driven inventory solutions, or partnerships with local logistics providers to optimize the supply chain specific to the Nigerian context.