Cutix Plc CEO sells off shares worth N3.9 million.

The Chief Executive Officer of Cutix Plc, Mrs. Oduonye Ijeoma Agnes, has sold off 795,000 units of the company’s shares, valued at ₦3.9 million.

This is contained in a notice signed by the company’s secretary, Chinwendu Nwokporo, and forwarded to the Nigerian Exchange Limited (NGX).

According to the disclosure, the transaction which took place on the 5th of October, 2021 at the floor of the NGX, saw the CEO  disposed 795,000 units of shares at an average price of N4.92 per share. This put the total consideration for the shares purchased by the CEO at ₦3,911,400.

It is imperative to note that the disclosure is in line with The Exchange’s policy on insider dealings. It is pertinent because it helps to engender transparency and maintain public trust in the financial system.

What you should know:

  • As at 31st of July 2021, Mrs. Oduonye Ijeoma Agnes holds about 4,795,000 units of direct shares in Cutix Plc, translating to about 0.39% of the total shareholdings in the firm.
  • Cutix Plc closed trading for the week ended 8th of October, 2021 at N4.85/share on the floor of the Nigerian Exchange Limited (NGX).

 

Cutix Plc grows profit after tax by 5% to N137.02 million in Q1 2021.

Cutix Plc released its unaudited financial results for the first quarter of the year ended 31st of July, 2021.

  • Revenue for the period was N1.86 billion. (+25.3% YoY)
  • Cost of sales was N1.39 billion. (+27.6% YoY)
  • Administrative expenses totalled N188 million. (+44.5% YoY)
  • An operating profit of N234.97 million was declared.
  • Profit for the period was N137.02 million. (+5% YoY)
  • Earnings per share of 8 kobo Vs 7 kobo YoY.

See link to results.

Cutix Plc posts profit after tax of N624.3 million in Q4 2020.

Cutix Plc released its fourth quarter unaudited results for the period ended 30th April, 2021.

  • Revenue for the period was N6.7 billion. (+34.2% YoY)
  • Cost of sales was N4.94 billion.(+34.8% YoY)
  • Administration expenses totalled N552.7 million.(-6.3% YoY)
  • Profit for the period was N624.3 million.(+101.8% YoY)
  • Earnings per share of 35 kobo Vs 18 kobo YoY.
  • Total assets per share of N2.56 Vs N1.99 YoY.

See link to results.