Restructuring programme announced by Chams Plc in 2011 may have started yielding positive results. The information and communications technology company (ICT) has recorded substantial growth in turnover by improving internal efficiency and cost management to deliver impressive returns in the financial year ended December 31, 2012.
Audited report and accounts of Chams Plc for the 2012 financial showed remarkable improvements in turnover, profitability and financial strength of the company as it pulled away from a net loss of N1.24 billion in 2011 to record a net profit of N87.5 million in 2012.
