Cutix Plc records N7.8b turnover, N1.1b benefit

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Records Effects Of COVID-19, Insecurity On Operations
The Chairman, Board of Directors, Cutix Plc, Amb. Okwudili Nwosu has declared that the organization posted a turnover of over N7.8billion and benefit before duty of over N1.1billion for the monetary year finished on April 30, 2022.

Talking at the 39th Annual General Meeting of the organization held in Nnewi, Anambra state, Nwosu said that the turnover and benefit before charge addresses developments of around 17% and 29 percent separately, in spite of tense rivalry saw in the business.
He likewise uncovered that the board has suggested a profit of 10k per share, which addresses a 33.3 percent expansion in the sum paid last
year, adding, “this is an installment of N342 million when contrasted with N264 million paid a year ago.”

He, nonetheless, made sense of that the monetary year 2022 was troublesome and portrayed by a dynamic and testing large scale financial climate achieved by the Coronavirus (COVID-19) pandemic universally, what began desolating the world starting in late 2019 in China, quickly spreading all around the world and affected the presentation of the organization.



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