Cutix forecasts N122m Q3 profit, projects lower interest rates
Cutix Plc has projected a profit before tax of N122.11m for its third quarter ending January 31, 2027, on an expected revenue of N4.26bn. Read More: https://punchng.com/cutix-forecasts-n122m-q3-profit-projects-lower-interest-rates/
Cutix Plc has projected a N122.11m profit before tax for the third quarter of its 2027 financial year, according to its forecast report submitted to the Nigerian Exchange. The company anticipates revenue of N4.26bn, primarily driven by its house wiring cable segment, generating N3.38bn, alongside power cables, metal products and distribution panels contributing N256.57m, N619.10m and N3.00m respectively.
Sources indicate a 15% revenue increase compared to previous quarters, and a projected profit decline from N162m due to rising raw material costs, particularly copper, which has pushed the cost-to-sales ratio to 75% amid competitive market conditions.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
