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Last 0.50 NGN
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CHAMS On Other Exchanges
As of 9:30 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

chams plc (CHAMS) Snapshot

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09/30/14 - 0.52
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08/28/14 - 0.50
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chams plc (CHAMS) Details

Chams Plc provides information technology solutions in Nigeria. The company operates in three segments: Identity Management and Solutions; Payments, Collections, and Transactional Systems; and ICT Training. The Identity Management and Solutions segment provides identification solutions for corporations, educational bodies, and government. This segment operates ChamsCity, a digital mall that facilitates transactions in payment, identification, and data management; and provides an environment for digital transactions, as well as enables processing and activation of various transactions at one location. The Payments, Collections, and Transactional Systems segment offers payments systems that involve building, developing, and maintenance of ICT infrastructures. The ICT Training segment provides ICT training services. The company also operates, an e-commerce site that allows to purchase goods and services from merchants through the Internet. The company was formerly known as Chams Nigeria Plc and changed its name to Chams Plc in June 2008. Chams Plc was founded in 1985 and is headquartered in Lagos, Nigeria.

Founded in 1985

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chams plc (CHAMS) Key Developments

Chams Plc Announces Executive Changes

Chams Plc announced the founding Managing Director, Demola Aladekomo, who has served the company in this capacity for almost 30 years, would be retiring effective 18 September 2015 and the Board has approved the appointments of Olufemi Williams as Managing Director and Luqman Balogun as Deputy Managing Director, respectively. Aladekomo will proceed on leave in April 2015, handing over to Olufemi Williams as the Group Managing Director and Chief Executive Officer. Williams takes over from Aladekomo in alignment with the board of director's ratified succession planning which emphasises promoting capable internal candidates to leadership positions. Until the announcement of Aladekomo's retirement, Williams was the Deputy Managing Director, and a Chams Plc veteran having joined the company in 1990 as a Computer Engineer. He rose to the position of General Manager in January 2001, and held same until he joined SuperCard Limited as Managing Director in March 2004. Olufemi was appointed Deputy Managing Director, Chams Plc in January 2012 after the merger of SuperCard Limited with Chams Plc.

Chams Plc Reports Consolidated Earnings Results for the First Half Ended June 30, 2014

Chams Plc reported consolidated earnings results for the first half ended June 30, 2014. For the first half, the company's turnover rose to NGN 1.415 billion against NGN 509.44 million in corresponding period of 2013. Operating profit stood at NGN 100.69 million against operating loss of NGN 243.28 million in first half of 2013. Profits before and after tax stood at NGN 34.76 million compared with loss of NGN 276.21 million in comparable period of 2013. Profit after tax rose by 115.3% to NGN 188.5 million as against NGN 87.5 million in the previous year.

Chams Plc, Annual General Meeting, Apr 30, 2014

Chams Plc, Annual General Meeting, Apr 30, 2014., at 15:30 Indian Standard Time. Location: The Agip Recital Hall of the MUSON Centre. Agenda: To lay before the members the audited financial statements for the year ended December 31, 2013 and the reports of the directors, auditors and audit committee thereon; to elect/re-elect the directors; to fix the remuneration of the directors; to authorize the directors to fix the remuneration of the auditors; and to appoint the members of the audit committee.


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