CWG profit surges 509% as revenue rises to N11.72bn

CWG Plc has said its profit after tax jumped to N443.15 million in the financial year 2020 from N72.74 million a year earlier.

The company, however, said its profit before tax fell to N547 million last year from N634.01 million in 2019.

Its revenue grew to N11.72 billion from N9.57 billion, according to its financial statements.

CWG is principally engaged in the supply, installation, integration, maintenance and support of computer equipment, e-payment hardware and ancillary equipment.