CWG Plc appoints Cordros Registrars as its new registrars.

CWG Plc, a leading information and communication technology company, has appointed Cordros Registrars Limited as its new Registrars. The newly appointed Registrars will provide share registration and data management services to the company (CWG Plc).

According to a notice signed by the company’s secretary, DCSL Corporate Services Limited, and filed with the Nigerian Exchange Limited (NGX), the appointment of Cordros Registrars Limited takes effect from today, 8th of November, 2021.

The press release issued by the company read: ‘In accordance with Nigerian Exchange Limited’s (NGX) Rule Book, we hereby notify the NGX and the investing public of the appointment of Cordros Registrars Limited as REGISTRARS – SHARE REGISTRATION AND DATA MANAGEMENT SERVICE provider to CWG Plc (the Company).’’

‘’The appointment of Cordros Registrars Limited as the new Registrars of the Company takes effect from 8th November 2021.’’

About CWG Plc

CWG is a leading provider of information and communication services, with about three decades of immense contributions in Nigeria. The company commenced operations in Nigeria, on 26th of September 1992, as Computer Warehouse Limited, principally to cater for hardware projects. It (the company) ceased to be a Private Limited Company and became a Public Company in February 2013.

Additionally, on the 15th of November 2013, CWG Plc listed its shares on the defunct Nigerian Stock Exchange (now known as the Nigerian Exchange Limited). The listing boosted the Market Capitalization of the NSE by about N14 billion, making CWG PLC the highest capitalized security in the ICT sector as at then.

 

CWG Plc posts profit of N286.4 million in HY 2021.

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.