Vitafoam Nigeria Plc reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was NGN 23,927.2 million compared to NGN 13,450.51 million a year ago. Net loss was NGN 7,590.24 million compared to net income of NGN 1,245.54 million a year ago. Basic loss per share from continuing operations was NGN 6.0681 compared to basic earnings per share from continuing operations of NGN 0.9958 a year ago.
For the six months, sales was NGN 41,292.92 million compared to NGN 26,520.4 million a year ago. Net loss was NGN 5,849.31 million compared to net income of NGN 2,899.19 million a year ago. Basic loss per share from continuing operations was NGN 4.6763 compared to basic earnings per share from continuing operations of NGN 2.3178 a year ago.