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From David Onwuchekwa, Nnewi
Cutix Plc has recognised six of its distributors for their performance during the 2024 financial year, citing strong revenue contribution, market reach, and operational consistency.
Speaking at the event, the company’s Head of Commercial, Ada Ikebuilo, said the firm recorded revenue of N12.18 billion for the year, representing 88 per cent of its target and a 31.68 per cent increase over 2023. Profit before tax stood at N1.62 billion within the year under review.
She attributed the results largely to the role played by the company’s distribution network, noting that several distributors completed multiple credit cycles within the year.
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The distributors recognised include Pax-O Multi-Links, F.O. Anaka, E.U. Nwankwo, Chi-Chris Ventures, Sunny Electricals, and Chikandu Electricals.
Pax-O Multi-Links emerged as the top performer, recording sales of N2.1 billion, surpassing its N1.8 billion target.
Acting Chief Executive Officer, Uche Igbokwe, said the selection of awardees was based on volume, consistency, and market expansion. She described distributors as key contributors to the company’s growth and market presence.
She also highlighted ongoing shifts in the energy sector, noting a gradual transition towards solar solutions, which is influencing the company’s product direction.
The event concluded with the presentation of awards to the six distributors.
