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

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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