Vitafoam Nigeria Plc has increased its market share by 35.98% as the company generated N25.336 billion as revenue in 6 months, compared to N18.632 billion revenue achieved the previous year.
The Second Quarter report of the company for the 6 months ended 31 March 2022 shows year on year growth in the company’s revenue and profit after tax.
Profit after tax of the company for the six months period grew by 45.27% to N3.613 billion from N2.487 billion reported in the corresponding period the previous year.
Earnings per share of Vitafoam stands at N2.89, up by 45.27% from the EPS of N1.99 reported the previous year.
At the share price of N24.25, the P/E ratio of Vitafoam stands at 8.39x with earnings yield of 11.91%.