IT NEWS NIGERIA
CWG says the company owes continuous operation during COVID-19 Pandemic to its vigorous Business Continuity Plan
IT News Nigeria:
CWG Plc has revealed that owing to its robust business continuity plan, the operations of the company have not been affected by the COVID-19 pandemic.
What did CWG say?
The Chief Financial Officer of CWG Plc, Afolabi Sobande, who stated this in a statement, said this is evident in the company’s H1 2020 financial performance, where its revenue as of June stood at N5.4billion and 36.3 percent growth when compared to H1 2019 despite the global economic meltdown occasioned by the COVID-19 pandemic.
“At CWG, we pride ourselves as always being proactive. We have had a business continuity plan already in place before the pandemic. This made it easy for us to adjust easily to the current reality. Our robust IT infrastructure helped us achieve work from home (WHF) with little or no negative impact on our business operations,” the statement said.
It added that CWG Plc has put in place a robust plan which has helped navigate the current circumstances. The plan, according to the statement, includes but is not limited to full work from home, which has been implemented for all staff members based on the Business Continuity Plan.
Other plans include re-evaluating customer engagement and giving priority to its tier-one customers for upscaling and focusing on their critical needs.
Part of the statement also reads: “We ensured that our online platform businesses continue to provide value add services for our customers.”
Listed in the Nigeria Stock Exchange (NSE), CWG Plc’s EBIT and PBT stood at N358million and N339million respectively in H1 2020. With this financial performance and expected improved performance in Q3 2020, the largest system integration company said it will continue to be the market leader within the ICT sector.
