BUSINESS

CWG Plc Suffers 62.65% Drop In Profit In Q3 2021

CWG Plc which principally engages in the supply, installation, integration, maintenance and support of computer equipment, e-payment hardware and ancillary equipment has released its interim financial statements for period ended 30 September 2021 with 20.63% drop in group profit for the nine months period to N367.895 million from N463.500 million in 2020

Group profit for three month was weaker at 62.65% drop to N59.377 million from N158.961 million in Q3 2020.

Moreover, group revenue for nine months rose to N9.441 billion from N8.918 billion in 2020. Figure for the three months rose to N3.475 billion from N3.429 billion in Q3 2020.

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