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