N396/N400 (updated 24.3.17:close)
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Friday, 21 October 2016

Cutix Cables, Nnewi, Anambra State has recorded a 20 percent year on year growth in revenue after earning N2.835 billion in the 2016 fiscal year, compared to N2.358 billion raked in on 2015.

In the company's latest financial reports, the cable and wiring equipment manufacturer announced that net profit after tax grew from N149 million to N190.5 million during the same period.

Cutix Cables CEO Ifeanyi Uzodike announced during the company’s 33rd Annual General Meeting (AGM) holding on Friday, October 21 in Nnewi that plans were underway to continue to invest in production assets in spite of difficult operating environment.

His words:
"This is the only way to ensure that we remain strong and viable while increasing our capacity and capability."
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