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Our 5 working strategic pillars driving progress, says CWG

Our 5 working strategic pillars driving progress, says CWG

By Taofik Salako, Deputy Group Enterprise Editor

CWG Plc, a number one publicly quoted system integration firm, has mentioned its 5 working strategic pillars have been main drivers for its progress and resilient monetary efficiency.

Chief Govt Officer, CWG Plc, Mr. Adewale Adeyipo, mentioned the 5 working strategic pillars, that are progress, earnings, liquidity, model and dividend, have been important information on what CWG could be doing and the way it might be carried out.

In line with him, the implementation and strict adherent to those pillars, which had been initiated two years in the past, have contributed to the expansion of CWG within the final one yr, resulting in the re-introduction of some helpful info know-how (IT) providers and a rise in customised providers companies.

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For example, the 5 pillars helped the CWG to document a transaction quantity of over N12 billion on its BillsnPay presentment platform. This document is a serious chunk of over 3000 per cent of what the corporate had in 2018, 2017 and 2016 mixed.

“We consider each resolution and predetermine the contribution to any or all of those pillars. The pillars have created focus and readability. They’ve helped us to know what enterprise to take severely and what we must always stop doing. Not each alternative is taken into account to be a ‘Should Have,  it largely is determined by its contribution to the pillars. I can let you know that the underlining ideas which have saved us centered are these 5 pillars,” Adeyipo mentioned.

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CWG had on June 25, 2020 introduced its newest audited report back to its shareholders on the annual normal assembly held at CWG’ headquarters.

Key extracts of the audited report and accounts of CWG for the yr ended December 31, 2019 confirmed that the corporate’s gross income elevated by 23.four per cent to N9.6 billion in 2019 as in opposition to N7.eight billion in 2018. The corporate recorded a constructive earnings earlier than curiosity, tax, depreciation and armotisation (EBITDA) of N892 million. Revenue earlier than tax stood at N634 million whereas revenue after tax closed at N73 million. The expansion in income and revenue was achieved with a discount of 23 per cent in working bills. In the meantime, internet property grew by 67.four per cent to N192 million as in opposition to N115 million.

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Our 5 working strategic pillars driving progress, says CWG

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