Vitafoam Nigeria Plc reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported sales was NGN 13,450.51 million compared to NGN 13,728.04 million a year ago. Net income was NGN 1,245.54 million compared to NGN 1,805.44 million a year ago. Basic earnings per share from continuing operations was NGN 0.9958 compared to NGN 1.4434 a year ago.
For the six months, sales was NGN 26,520.4 million compared to NGN 25,336.31 million a year ago. Net income was NGN 2,899.19 million compared to NGN 3,338.65 million a year ago. Basic earnings per share from continuing operations was NGN 2.3178 compared to NGN 2.6691 a year ago.