Vitafoam posts N6.388bn Gross Earnings in Q1’18

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The first Quarter financial report of Vitafoam Nig PLC for the period ended December 2018 reveals an advanced in gross earnings by by 2.34% closing at N6.4 billion from the previous close of N5.1 billion in 2017.

The Profit after Tax (PAT) grew by 123% closing at N361 million from the previous close of 162 million in 2017.
For the period under review, the EPS of Vitafoam stood at N0.35 from N0.16 of 2017, implying a growth of 123.14%.

PE Ratio is at 12.96x with an earnings yield of 7%.

 

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