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Page 13 - நைஜீரியன் பரிமாற்றம் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Vitafoam Nigeria Reports N3 41bn Profit in 9 months

Darasimi Adebisi Vitafoam Nigeria Plc has reported 59.2 per cent increase in profit to N3.41billion in nine months ended September 30, 2021 unaudited results as against N2.14billion reported in nine months of 2020. The Household Durables company on the Nigerian Exchange Limited (NGX) also reported 55.12 per cent increase in profit before tax to N4.7billion in period under review from N3.05billion reported in prior period results. About 63 per cent growth in revenue to N26.8billion in nine months of 2021 from N16.47billion reported in nine months of 2020 drive profits. The breakdown of revenue revealed that N26.39billion reported in nine months of 2021 from N16.02billion in nine months of 2020, while revenue generated outside Nigeria dropped by 2.6per cent to N440.2million in nine months of 2021 from N451.96million reported in nine months of 2020.

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