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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.
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El fabricante nigeriano de muebles Vitafoam propone N1.05 dividendo por acción en medio del crecimiento financiero.