CWG reveals 81 per cent growth on PAT

Nigeria Lagos view RobertpratherNigerian-based CWG has reported strong growth in its Pan African growth strategy. (Image source: Robert) Computer Warehouse Group Plc (CWG) last month revealed its audited financial results to the Nigerian Stock Exchange for the year ending 31 December 2013

The results show that the company’s revenues have risen by 10 per cent to US$128.4mn, while Profit After Tax (PAT) soared by 81 per cent to US$3.7mn showing improved efficiency of operations. 

Upon reviewing the figures, Austin Okere, the group CEO, said in 2013 CWG consolidated its operations by investing in new systems and processes which has  resulted in the percentage growth. 

Okere also stated that CWG plans to  make some acquisitions in as part of its Pan African expansion strategy.

"This shall give CWG a cost leadership position while delivering superior service to its customers. We shall continue to make investments that would make CWG a global brand to behold. The focus in the future would be to continue growing the brand through initiatives directed towards empowering the African entrepreneur. This would be done by making IT available to SME’s on a subscription basis, thereby lowering the entry barriers to the use of information technology. It is also a social impact investment,” Okere said.

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