Vitafoam Nigeria on Monday released its first quarter result for the period ended, December 31, 2019.
The firm recorded a turnover of N5.98 billion, down by 6.33% when compared to the turnover of N6.39 billion recorded in the first quarter of 2018.
Profit before Tax grew by 129.93% to close at N1.18 billion away from the previous close of N513 million.
Profit after Tax was up by 126.51%, closing the first quarter at N819 million away from the previous close of N361.87 in the first quarter of 2018.
For the period under review, the Earnings Per Share (EPS) of Vitafoam stands at N0.66, up by 127% from the previous EPS of 0.30.
With reference to the share price of N5, the P.E ratio of the firm stands at 7.58x with earnings yield of 13.2%