Brief: Vitafoam to pay N156.3 million dividend

Brief: Vitafoam to pay N156.3 million dividend

The board of directors at Vitafoam has disclosed the company will pay a total dividend of N156.3 million.

Shareholders will be paid N0.50 kobo per share. This is according to a disclosure released by the company earlier today.

Also released today was the company’s year-end result where it disclosed a gross profit of N18.1 million compared to N61.2 million last year.

Group revenue rose significantly to N17.7 billion compared to N13.57 billion disclosed last year.