Vitafoam Nigeria Plc has reported N4.52 billion as profit after tax for nine months which ended 30th September 2022.
BrandNewsDay reports that this shows a slight N1.6% less than the amount the company reported during the same period last year.
The key highlights of the company’s financial performance are highlighted below.
Bottom line: Vitafoam during the period, the massive increase in revenue was derived from contracts with customers for the transfer of goods at a point in time in the following major product lines. Despite this, the increase in the cost of sales on the back of raw materials and consumables increased during the period as well as an increase in admin expenses, causing profit to record N1.6% less than the amount last year.
Lagos, Nigeria — July 2026 — P+ Measurement Services, Nigeria's leading independent media intelligence consultancy,…
Stanbic IBTC, a member of Standard Bank Group, was named winner in four categories at…
Stanbic IBTC - Micro, Small, and Medium Enterprises (MSMEs) across Oyo State embraced the opportunity…
Guaranty Trust Bank Ltd (GTBank), the flagship banking subsidiary of Guaranty Trust Holding Company Plc…
As a major sponsor of Lagos Polo Club over the years, Stanbic IBTC was proud…
Kenya has introduced new legal powers allowing its central bank to provide emergency financial support…
This website uses cookies.