Shareholders of Vitafoam Nigeria Plc have endorsed a N1.31 billion dividend payout for the 2024 financial year, reaffirming the company’s dedication to sustainable expansion. At the Annual General Meeting (AGM) held in Lagos, shareholders commended the firm’s consistent dividend history,…
Vitafoam Nigeria Plc, a leading manufacturer of flexible and reconstituted foams, has announced a dividend payment of ¦ 1.31 billion to its shareholders. This equates to ¦ 1.05 per ordinary share for the financial year ending 30th September 2024. The…
Shareholders of Vitafoam Nigeria PLC, have commended the company’s board and management for sustaining positive rate of return despite the inclement operating environment, which affects profit margin of many blue chip manufacturing companies in Nigeria. The leading manufacturer of mattresses,…
Vitafoam Nigeria PLC has grown its revenue to N52.9 billion in 2023, from N46. 3 billion in 2022, an increase of 14 percent despite the headwinds that characterized the operating environment. In line with the Company’s policy of shareholder value,…
Vitafoam Nigeria Plc in conjunction with the University of Lagos (Unilag), yesterday, exposed undergraduate students of Chemistry and Chemical Engineering to the world of Polyurethane evolutions with the company’s focus on giving back to the education sector. The one-day seminar, …
Vitafoam Nigeria PLC has donated a block of four classrooms and 40 sets of furniture to Budum Primary School, Maiduguri Metropolitan Area Council. The recent corporate gesture is consistent with Vitafoam’s Corporate Social Responsibility (CSR) policy which places a premium…
Mr Taiwo Adeniyi, Group Managing Director and Chief Executive Officer of Vitafoam Nigeria PLC, has been crowned the CEO of the year-Manufacturing, by Africa Safety Award for Excellence (AfriSAFE) in Lagos recently. The prestigious Award, described by market watchers as…
Vitafoam Nigeria Plc, Nigeria’s leading foam manufacturer has unveiled a new Comfort Centre in Aboru, Alimosho Local Government Area, Lagos State. This strategic expansion aims to bring the company’s wide range of furniture items and complementary products closer to the…
By Philemon Adedeji The Nigeria’s largest foam manufacturers, producing both flexible and rigid polyurethane products, Vitafoam Nigeria plc has reported its audited financial results for the period ended December 29, 2022, reporting Profit Before Tax (PBT) of N7.214 billion in…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX), Equities market closed on negative posture as the key market indicator decreased by 35.93 basis points amid positive market performance. The NGX All-Share Index decreased by 0.07 per cent to close…
