• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

[NOTICE] CWG explains reason for change of results

Nairametrics by Nairametrics
May 4, 2015
in Company News
ALERT: CWG changes 2014 FY results, jacking up profits by 150%
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

CWG declares 39 Kobo dividend as profit soars by 428% in 2024 

CWG declares 39 Kobo dividend as profit soars by 428% in 2024 

April 24, 2025
How Much Money Do You Need To Start Investing?

How Nigerian Tech Company CWG grew profits by 290% in 2024

March 25, 2025

Last week Nairametrics reported a change in the results published by CWG on the website of the Nigerian Stock Exchange. The company at the time did not issue any explanation for the change. Thankfully it has now done so. Here is the press release published on the website of the NSE.

Computer Warehouse Group (“CWG”) has notified the Nigerian Stock Exchange (“NSE”) of a slight revision of its 2014 Audited Financial Statements (“AFS”) which have already been submitted to the NSE, in compliance with their post-listing obligations. The revision was necessitated on the need to correctly reflect the value of deferred tax assets in the financial statements as the tax holiday which the company enjoys will lapse in 2015.

As a result of the said revision, there has been a change in the tax impact on the profit for the year. The impact of the change on the overall performance of CWG in the 2014 financial year is an increase in profit after tax (PAT) of about N67 million, bringing the PAT for the year to N120 million, and we feel obligated to immediately bring this change to the notice of the NSE and all other stakeholders.

CWG has this afternoon refiled its 2014 AFS, through the X-Issuer and will on Monday 27 April 2014 address floor-based traders on the NSE.

Tags: CWG
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

CWG declares 39 Kobo dividend as profit soars by 428% in 2024 
Companies

CWG declares 39 Kobo dividend as profit soars by 428% in 2024 

April 24, 2025
How Much Money Do You Need To Start Investing?
Digital Media

How Nigerian Tech Company CWG grew profits by 290% in 2024

March 25, 2025
CWG Profit Before Tax rose by 359% in H1 2024 
Companies

CWG Profit Before Tax rose by 359% in H1 2024 

August 2, 2024
Texcellence Conference 2023
Corporate Updates

Texcellence Conference 2023: A grand confluence of tech Innovation!

October 9, 2023
CONOIL Plc leads NGX’s positive start to June
Exclusives

Nigerian stocks that have gained 400% and above in 2023 

October 4, 2023
NGX
Equities

NGX dips further with N294bn loss after FTSE Russell downgrade

September 12, 2023
Next Post

Here is why CSCS yanked off Union Homes from investors statements

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • How poor connectivity is locking rural Nigerians out of mobile money boom 
  • Crude Oil rallies past the FG Benchmark after Israel’s missile attacks on Iran
  • Lagos State ambulance service responds to over 44,000 emergencies, hits 97.5% response rate in 4 years  

Follow us on social media:

Recent News

List of 18 mobile money operators in Nigeria insured by NDIC

How poor connectivity is locking rural Nigerians out of mobile money boom 

June 13, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 

Crude Oil rallies past the FG Benchmark after Israel’s missile attacks on Iran

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics