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Cutix Plc reports N369m as profit in 6 months

Cutix Plc on Wednesday published its Second Quarter report for the 6 months ended 31 October 2022.

The company reported a turnover of N4.42 billion for the 6 months period, up by 26.6% from N3.49 billion reported the previous year.

Profit after tax grew marginally by 3.66% to N369.09 million from N356.06 million reported the previous year.

The earnings per share of the company for the period under review stands at 10 kobo.

At the share price of N2.11, the P/E ratio of Cutix Plc stands at 20.14x with earnings yield of 4.97%.

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