Follow Us on Google Discover![[Corporate Action] Vitafoam Records 31% Drop In Profits to N521m In 9months](https://cdn.nairametrics.com/wp-content/uploads/2015/10/vitafoam-nigeria-office.jpg)
Vitafoam released its results for the 9 months ended 30th June 2015. The result showed revenue rose marginally by 4% from N13,343 in 2014 to N13,842 in 2015. However pre-tax profits dropped by 31% from N754 million in 2014 to N521 million in 2015.
See Summary of result below…
| Vitafoam 9 months | N’m | N’m | |
| 2015 | 2014 | ||
| Revenue | 13,842 | 13,343 | 4% |
| Gross Profit | 4,427 | 4,388 | 1% |
| Operating Expenses | -3428 | -3235 | 6% |
| Pre-tax profits | 521 | 754 | -31% |
| Profit After Tax | 335 | 457 | -27% |
| Current Share Price | N5.88 |
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