Computer Warehouse Group has delivered an impressive performance in the 2024 financial year, with a more than doubling of its dividend payout to 39 kobo. This remarkable growth is underpinned by a 428% surge in profit after tax, which rose from N576.08 million to N3.04 billion.
Key Highlights
- Revenue Growth: The company's revenue surged by 97% to N46.35 billion, driven by strategic investments, operational efficiency, and increased revenue from regional subsidiaries.
- Regional Performance: CWG Ghana and CWG Uganda played a crucial role in the Group's performance, with revenue growth of 104.37% and 106.79% to N8.44 billion and N7.34 billion, respectively.
- Resilience and Innovation: Despite a challenging macroeconomic environment, the company demonstrated resilience and innovation, driven by its flexible business model, strategic investments, and dedicated staff.
- Industry Leadership: CWG's recognition across the tech ecosystem, including awards from Infosys and the Nigeria Technology Awards, underscores the company's industry leadership.
Outlook
The company's exceptional growth and industry leadership position it well for future success. With a strong track record of delivering value to shareholders, Computer Warehouse Group is poised to continue its growth trajectory, driven by its strategic investments and operational efficiency.
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Disclaimer
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