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Vitafoam Nigeria Plc (Nigeria)

Main Activities: Curtain and Linen Mills | Urethane and Other Foam Product (except Polystyrene) Manufacturing
Full name: Vitafoam Nigeria Plc Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is the Nigeria's most prominent in manufacturing polyurethane foam for mattresses, cushions, pillows, rigid foam for panels and pipe lagging, fibre pillows and adhesive.
Our Vision:
To be the foam manufacturer of first choice.
Our Mission:
To serve customers in the consumer and industrial market segments with leading edge products that offer value for money and meet their diverse needs in functionality, comfort and style. We will be guided at all times by our unequivocal commitment to excellence and service reliability as the basis for current success and future growth.
History:
1962:The company was incorporated on August 4, 1962
1978: listed on the floor of the Nigerian Stock Exchange on November 1978. It has witnessed an impressive growth in its production capability and turnover.

Headquarters
140 Oba Akran Avenue, Industrial Estate, Lkeja
Lagos; Lagos;

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Website: http://www.vitafoamng.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1962
Key Executives
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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12.03%
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10.02%
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7.86%
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3.71%
Subsidiaries
Vono Furnitures Products Limited
100%
Vitafoam Ghana Limited (Ghana)
90%
Vitafoam Sierra Leone Limited (Sierra Leone)
81.3%
Company Performance
Financial values in the chart are available after Vitafoam Nigeria Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net sales revenue
54.16%
Total operating revenue
54.08%
Operating profit (EBIT)
73.66%
EBITDA
67.33%
Net Profit (Loss) for the Period
N/A
Total assets
-13.98%
Total equity
-24.44%
Operating Profit Margin (ROS)
2.6%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
5.32%
Quick Ratio
-0.21%
Cash Ratio
-0.36%

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