CWG PLC Approves 70 Kobo Dividend Amid Strong Profit Growth
At CWG PLC's 21st Annual General Meeting held in Lagos, shareholders unanimously approved a final dividend of 70 kobo per share for the 2025 financial year, reflecting a 79% increase from the 39 kobo paid in the prior year. Chairman Dr. Phillip Obioha assured shareholders of the company's commitment to delivering stronger value and consistent growth.
The company reported a profit before tax of N7.8 billion, a 78% increase from N4.42 billion the previous year, with revenue rising by 41.4% from N46.35 billion in 2024 to N65.56 billion in 2025. Adewal Adeyipo, Group Managing Director and Chief Executive Officer, highlighted the company's strong performance in Nigeria and Ghana, with plans to build a $500 million business in the coming years.
The company aims to leverage existing assets and technology partnerships to sustain growth and address operational challenges.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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