Vitafoam posts N258.5 million profit for Q1

Vitafoam posts N258.5 million profit for Q1

Vitafoam PLC, a foam and furniture company said its gross profit for the first quarter ended December 2017 rose to N258.5 million.

It is a significant result compared to N150.8 million disclosed last year.

Total revenue for the period was N5.05 billion slightly lower compared to N5.29 declared by the company last year.