Cable business favours Cutix Plc as profit hits 7-year high in 2021

Cutix Plc grew its profit by most in seven years in the first quarter financial period to July 31 2021.

Largely driven by infrastructural inadequacy, Nigeria’s troubled power sector which cost Africa’s largest economy $29 billion annually holds an opportunity for local electric cable manufacturers. Cutix Plc, one of the country’s foremost wire manufacturing companies is one of such businesses

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