Vitafoam Nigeria Plc has demonstrated resilience in a challenging operating environment, reporting robust financial results for the fiscal year ending September 30, 2023.
The company achieved a remarkable 14 per cent growth in revenue, reaching N52.9 billion. Despite a slight decline in net profit, Vitafoam proposed a total dividend payout of N1.9 billion, underscoring its commitment to shareholder value.
“The performance of NGX in 2023 was commendable in view of the headwinds that characterized the operating environment,” said the CEO of Sofunix Investment and Communications Limited, Sola Oni.
