CWG Plc post 23% increase in 2020 FY post-tax profits

CWG Plc released its 2020 FY results reporting a revenue of N11.805 billion representing a 23.40% increase from the N9.57 billion revenue reported a year earlier.

  • Operating expenses during the year was N1.80 billion in 2020 compared to N2.38 billion in 2019. -24.40% YoY
  • The company reported a profit after tax of N487.22 million in 2020 compared to N72.74 million in 2019. +569.79% YoY.
  • No dividend announcement was made in their press release.
  • The company share price of N3.12, up 59.18% YTD.

See link to results.


Leave a Reply

Your email address will not be published. Required fields are marked *