WorldStage Newsonline– Vitafoam Nigeria Plc, Nigeria’s leading manufacturer of flexible, reconstituted and rigid foam Products has released its Consolidated and Separate Financial Statements for the year ended 30 September , 2020 with 5% growth in group revenue to N23.444 billion from N22.283 billion in 2019.
The result released at the Nigerian Stock Exchange showed that profit for the year grew by 72% to N4.108 billion from N2.387 billion in 2019.
Meanwhile, the company has proposed a dividend of N979.410 million for the year, a 64% improvement over N595.434 million declared in 2019.
