eTranzact, CWG, and Chams, three listed Nigerian tech firms, have recorded almost triple after-tax profit in Q1 2025, according to an analysis of the companies’ financials done by BusinessDay.
The latest financial statements of Chams Plc, Computer Warehouse Group (CWG) and eTranzact International Plc revealed that their combined after-tax profit rose to N2.46 billion from N99o million in the same period of 2024, as a result of growing IT demands in the continent.
According to reports, there has been a spike in technology consumption across West Africa over the past year, a situation that has boosted revenue of the three firms by 36 percent, growing to N25.72 billion from 18.9 billion during the period.