- Vita foam Nigeria Plc has proposed a dividend of N246 million, translating into 30 kobo per share in addition to a bonus share of one for every five Ordinary Shares held by each shareholder as rewards from the company’s outstanding performance in its 2014 financial year.
- By the company’s financial performance, it posted an after tax profit of N659 million in the current year as against N395 million recorded in the previous year, an increase of 67 per cent, despite assessed harsh operating environment.
- According to a statement from the company, its earnings per share (EPS) grew by 69 per cent to stand at 81 kobo per share in the current period compared with 48 kobo per share in the previous year.
- The result is expected to be endorsed by the company’s shareholders on June 4, 2015 at the annual general meeting when the Chairman, Dr. Bamidele Makanjuola, would present the scorecard.
- Source: Guardian
[RESULTS] Vitafoam’s profit rises 67%, proposes dividend and bonus shares
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