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Home Companies Company News

Chams Plc Grows Profit By 107% For 2012 Financial Year

Ugodre Obi-chukwu by Ugodre Obi-chukwu
July 2, 2013
in Company News
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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.

Chams Plc Grows Profit By 107%

Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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