[Corporate Action] Vitafoam Records 31% Drop In Profits to N521m In 9months


Vitafoam released its results for the 9 months ended 30th June 2015. The result showed revenue rose marginally by 4% from N13,343 in 2014 to N13,842 in 2015. However  pre-tax profits dropped by 31% from N754 million in 2014 to N521 million in 2015.

See Summary of result below…

Vitafoam 9 months N’m N’m
2015 2014
Revenue 13,842 13,343 4%
Gross Profit 4,427 4,388 1%
Operating Expenses -3428 -3235 6%
Pre-tax profits 521 754 -31%
Profit After Tax 335 457 -27%
Current Share Price  N5.88

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