Firm Targets N300m Profit In 2014

Computer Warehouse
Group (CWG) Plc yesterday said it is targeting a profit after tax of N300 million for the financial year ending December 31, 2014.
This was contained in a statement issued in Lagos by the company’s Chief Executive Officer, Mr Austin Okere.
Okere said that the company was also targeting revenue of N16.5 billion in the current financial year, adding that the company would pursue new business opportunities to meet its targets.
Okere said that the company would maintain greater efficiency in all of its operations with focus on the growth of managed services.
He said that the mass roll-out of company’s flagship e-commerce technology platform, Openshopen.ng, a product running a beta test with few organisation, would be in the first quarter of 2015.
“CWG will continue to focus on growing the brand through initiatives directed toward empowering the African entrepreneur,” he said.
Okere said this would be achieved by making information technology available to Small and Medium Enterprises (SMEs) on a subscription basis, thereby lowering the entry barriers to the use of information technology.
He said the company had adopted a business model, tagged CWG 2.0 to ensure inclusive growth in all the business channels.
Okere stated that the company had concluded plans to explore the opportunities in the industry through introduction of products that would be appealing to various SMEs.