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Vitafoam Nigeria Plc today released its results for the financial year ended September 30, 2018. Here are highlights of the result

Revenue 

Revenue increased from N17.6 billion in 2017 to N19.5 billion in 2018. This represents a 10.7% increase year on year.

Profit before tax 

Profit before tax also rose from N18.1 million in 2017 to N793 million in 2018.

Profit after tax 

Profit after tax stood at N601 million compared to a loss after tax of N127 million recorded in the comparative period of 2017.

Earnings per share 

Earnings per share stood at N0.57  in 2018, as against a negative of N0.15 in 2017.

Current Share Price 

Vitafoam Nigeria Plc closed at N4 on Friday’s trading session of the Nigerian Stock Exchange (NSE). Year to date, the stock is up 33.33%.

DOWNLOAD VITAFOAM NIGERIA PLC FY 2018 RESULTS

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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