Computer Warehouse Group, CWG Plc has said that it is repositioning for sustained growth as it targets N16 billion revenue for the current financial year.

Commenting on the business outlook for the remaining part of the year, Founder/Chief Executive Officer of CWG, Mr. Austin Okere, said the company plans to further execute and recognise revenues from the traditional brick and mortar business which shall see a 46 per cent increase in revenue from the third quarter(Q3) numbers to N16.5 billion by year end, and a correspondingly higher 61 per cent increase in profit after tax to N300 million.

“This reflects a continuing improvement in margins with a greater efficiency in our operations, and good focus on the growth of our managed services. The company is firmly focused on scaling its new subscription businesses, under the CWG2.0 umbrella, in order to see a change in the profitability trend by half of 2015” Okere said.

According to Okere “The Group has made great strides in the introduction of its new subscription based business lines.

“The first amongst them, the SMERP, a cloud based ERP product is ready for roll out and is currently being tested by a few organisations. There are also on-going discussions with multilateral organisations, focused on SMEs and achieving inclusive growth in Nigeria, to collaborate on the roll out of this product.”

He added that there is also the flagship e-commerce technology platform, Openshopen.ng, a product, he said, was running a beta test with a few organisations, with the plan for a mass rollout in the first quarter of 2015.

“There is also the free to air services which the group will be offering in collaboration with the second largest satellite provider in Europe.