• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

Earnings Review: Vitafoam Plc H1 To March 2013

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 1, 2013
in Blurb
Share on FacebookShare on TwitterShare on Linkedin

[upme_private]Vitafoam Plc released its 2013 6 months to March results with revenues rising 15% to N8.7billion (2012 H1: N7.6billion). Operating profit at the end of the period under review was N736million representing an operating profit margin of just 8.4% (2012 H1:7.8%). The company’s pre-tax profits at the end of the period was N585million 21% higher than the N484million posted same period last year. EPS therefore rose 16% to 50kobo

Key Highlights

  • Gross Profit Margin Improved slightly to 30% (29% 2012 Q1) a reflection of the company’s ability to fight off rising cost of raw materials

  • The rise in S,G&A expenses was 12.5% higher than prior period at N1.89billion suggesting rising operating cost as the company continues its retail presence across major cities in Nigeria.

  • The company is currently highly leveraged with debt covering 99% of Equity. However, it appears from the company’s cash flow statement it generates about N1.6billion in Ebitda (TTM) which I believe is enough to cover its debt obligations. 

  • The short-term debts is made up of overdrafts of N900m and commercial paper of about N2billion.

  • The long term debt should be completely repaid at the end of the current financial year

  • The company’s return on average equity of 13% in line to achieve an annual return of 26% at the end of the year.

  • The company’s tax rate remains high at about 30% of PBT

  • The share price rose 5.4% to N3.48 at the end of the period. The share price has a current P.E of about 5x Trailing Twelve Months (TTM) EPS

  • Vitafoam has consistently paid dividend over the years.

 

Vitafoam Plc 2013 H1 snapshot

RelatedStories

NGX

Market Wrap: All-Share Index gains 487.24 points as VITAFOAM leads gainers, PRESTIGE tops losers 

November 28, 2024
Nairametrics

Why Vitafoam gained 9% today!

July 11, 2024

Vitafoam Plc 2013 H1 results was posted on the website of the NSE.[/upme_private]

Black Ink

 

Tags: RESULTSVITAFOAM
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Related Posts

NGX
Equities

Market Wrap: All-Share Index gains 487.24 points as VITAFOAM leads gainers, PRESTIGE tops losers 

November 28, 2024
Nairametrics
Digital Media

Why Vitafoam gained 9% today!

July 11, 2024
Government should create special window for manufacturers to assess forex- Adeniyi
Exclusives

Vitafoam Plc advocates special FX window for manufacturing sector

January 28, 2023
InfoWARE Asset Management solution
Markets

Consumer goods index gains 7.48 point, driven by gains in Guinness, Intbrew and Vitafoam shares

March 28, 2021
market's, Bears clawing down on the naira, hits N425 to $1
Spotlight

Nestle, Access Bank, Vitafoam plunge, investors lose N29 billion

February 1, 2021
investors, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls boost global financial market, gold hits 7 years high, Dangote, Tier-1 banks lead the bulls to close Nigerian stock market green
Stock Market

MTN, ZENITH BANK, FCMB record gains, investors up by N26.6 billion

September 3, 2020
Next Post

Cash-less: Banks To Enforce Rejection Of Third Party Cheques Exceeding N150,000 From Monday June 3rd

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 
  • Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 
  • Tariff relief triggers $2 billion investment in Nigeria’s digital infrastructure – Tayo Aduloju

Follow us on social media:

Recent News

Yusuf Tuggar, Nigerian military

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics