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Nairametrics
Home Markets Equities Company Results

CWG Plc post 23% increase in 2020 FY post-tax profits

Blurb Team @Nairametrics by Blurb Team @Nairametrics
February 3, 2021
in Company Results, Markets
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CWG Plc released its 2020 FY results reporting a revenue of N11.805 billion representing a 23.40% increase from the N9.57 billion revenue reported a year earlier.

  • Operating expenses during the year was N1.80 billion in 2020 compared to N2.38 billion in 2019. -24.40% YoY
  • The company reported a profit after tax of N487.22 million in 2020 compared to N72.74 million in 2019. +569.79% YoY.
  • No dividend announcement was made in their press release.
  • The company share price of N3.12, up 59.18% YTD.

See link to results.

 

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Blurb Team @Nairametrics

Blurb Team @Nairametrics

The "Blurb Team" is the official conveyer of the opinions of the Nairametrics Research & Analysis Board on matters of financial reports, macroeconomic data, and economic policies.

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