Vitafoam Nigeria Plc reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was NGN 13,891.06 million compared to NGN 11,080 million a year ago. Net income was NGN 405.39 million compared to NGN 856.69 million a year ago. Basic earnings per share from continuing operations was NGN 0.3241 compared to NGN 0.6849 a year ago.
For the nine months, sales was NGN 39,238.13 million compared to NGN 35,655.62 million a year ago. Net income was NGN 3,328.6 million compared to NGN 4,198.11 million a year ago. Basic earnings per share from continuing operations was NGN 2.6611 compared to NGN 3.3562 a year ago.