CWG Plc released its unaudited financial results for the period ended June 30, 2021.
- Revenue for the period was N5.97 billion. (+9.8% YoY)
- Cost of sales was N4.5 billion. (+13.7% YoY)
- Operating expenses totalled N1.05 billion. (+4.46% YoY)
- EBITDA of N486.6 million.
- Profit for the period was N286.41 million. (-9.8% YoY)
- Total asset for the period stood at N10.53 billion.
See link to results.
This is wrong. Profit went up and not down.