Cutix Plc declares N1.86bn turnover in Q1, PAT rises by 5.04%

Cutix Plc over the weekend published its financial statement for the First Quarter ended, 30 July 2021.

The result shows year on year improvement in the company’s top line and bottom line figures.

A turnover of N1.857 billion was reported for the three months period, up by 25.28% from N1.482 billion reported the previous year.

Profit after tax grew by 5.04% to N137.021 million from N130.445 million reported the previous year.

Earnings per share (EPS) increased to 8 kobo form the EPS of 7 kobo the previous year. This translates to 5.04% growth year on year.

At the share price of N4.90, the P.E ratio of Cutix Plc stands at 62.99x with earnings yield of 1.59%.

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