By Philemon Adedeji A frontline manufacturer of rigid foam in Nigeria, Vitafoam Nigeria PLC, has bagged the much-coveted West Africa Innovation Award of Excellence following the company’s continuous development of innovative products and sustenance of exemplary customer care. Presenting the…
A quoted company on the Nigerian Exchange Limited (NGX) and leading manufacturer of flexible, reconstituted and rigid foams, Vitafoam Nigeria PLC has ascribed its sustained profitability over six decades to strategic transition from sleeping business to living business, through introduction…
A leading manufacturer of rigid foams and other household materials, Vitafoam Nigeria PLC, has rewarded its shareholders with N1.9 billion dividend. following its stellar performance in 2021, despite the inclement operating environment. The dividend, which translated into N1.50 per share…
Vitafoam Nigeria Plc, a leading manufacturer of rigid foams and other household materials, has rewarded its shareholders with a total dividend of N1.9 billion dividend for the year ended Dec. 31, 2021, translating to N1.50 per share. Its Chairman, Dr.…
By Kayode Tokede The Board of Directors of Vitafoam Nigeria Plc has approved the appointment of Abdul Bello as independent non-executive director. According to a notice filed by the firm with the Nigerian Stock Exchange, Bello’s appointment is effective March…
By Kayode Tokede The Shareholders of Vitafoam Nigeria Plc have endorsed the proposed a N979,410 Million which translates into 70 kobo per Ordinary Shares for the company’s 2020 financial performance, a whopping increase of 64 percent as against the corresponding…
By Kayode Tokede Vitafoam Nigeria Plc drew on increasing cost efficiency to optimise modest revenue growth into significant improvement in profitability, enabling the company to increase dividend payouts by about 67 per cent while providing four-fold assurance on dividend sustainability.…
By Kayode Tokede Shareholders of diversified manufacturers of foams and other household equipment, Vitafoam Nigeria Plc, will receive a dividend of N979.4 million for the year ended September 30, 2020. The dividend, which shows an increase of 64.5 per cent,…
By Kayode Tokede Vitafoam Nigeria Plc has reported 72 per cent profit in its full year ended September 30, 2020 results. The company reported N4.11 billion profit in 2020 as against N2.39billion reported in 2019. Also, profit before tax also…
