CWG plc profit surged by 838% in nine months

CWG plc profit surged by 838% in nine months

CWG plc in its financial report for the nine months ended in 2017 recorded 838% increase in profit to NGN36.6 million compared to NGN3.9 million reported same period in the year 2016.

The company ended the period with lower revenue of NGN6.4 billion in contrast to NGN7.4 billion recorded in the year before while gross profit increased to NGN2.1 billion against NGN1.8 billion in the year 2016.

Total assets acquired by CWG plc for the nine months was NGN15.0 billion compared to NGN14.7 billion acquired in the same period in 2016 while total liabilities was NGN11.9 billion against NGN11.4 billion in 2016.