CWG records 12.6% profit drop in Q2 2021 despite rise in revenue

WorldStage Newsonline– CWG Plc which principally engages in the supply, installation, integration, maintenance and support of computer equipment, e-payment hardware and ancillary equipment have released its condensed interim financial statements for period ended 30 June 2021 as profit for the period dropped by 9.79% to N286.407 million from N317.502 million in H1 2020.

Profit for the second quarter dropped by 12.6% to N205.902 million from N235.594 million in Q2 2020.

Revenue for the H1 rose to N5.97 billion from N5.43 billion in 2020 while the figure for the Q2 rose to N3.259 billion from N2.612 billion in Q2 2020.

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