Cutix Plc increases market share by 6% in Q3, PAT grows to N542.8m

Cutix Plc has published its Third Quarter reports for the 9 months ended 31, January 2022. The result shows year on year growth in the Company’s topline and bottom line figures.

A turnover of N5.485 billion was reported for the 9 months period, up by 6.01% from N5.174 billion reported the previous year.

Profit after tax grew year on year by 31.19% to N542.779 million from N413.747 million reported the previous year.

Earnings per share of the Company increased to 15 kobo from the EPS of 12 kobo achieved the previous year.

At the share price of N2.70, the P/E ratio of Cutix Plc stands at 17.52x with earnings yield of 5.71%.

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