Cutix Plc Reports Audited Earnings Results for the Year Ended April 30, 2017
Cutix Plc reported audited earnings results for the year ended April 30, 2017. For the period, the company reported revenue of NGN 3,675,712,000 against NGN 2,835,863,000 a year ago. Profit before tax and interest expense was NGN 491,729,000 against NGN 415,103,000 a year ago. Profit before taxation was NGN 370,143,000 against NGN 278,114,000 a year ago. Profit for the year was NGN 257,498,000 against NGN 190,551,000 a year ago. Earnings per share - basic were 29 kobo against 22 kobo a year ago. Net cash flows from operating activities was NGN 190,068,000 against NGN 644,996,000 a year ago. Purchase of property, plant & equipment was NGN 45,614,000 against NGN 24,045,000 a year ago.