Nigerian furniture maker Vitafoam proposes N1.05 dividend per share amid financial growth.

Nigerian foam and furniture maker Vitafoam Nigeria Plc has proposed a dividend of N1.375 billion, or N1.05 per share, for shareholder approval at its AGM on March 6, 2025. Despite facing challenges like a foreign exchange loss, the company's net assets increased by 47% to N25 billion in 2024, and gross profit rose by 76.5% to N30 billion. Group Managing Director Taiwo Adeniyi highlighted the company's resilience and future growth plans.

3 months ago
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