Vitafoam’s revenue surges, but profits buckle under FX and finance cost pressures Nexovant
Vitafoam Nigeria Plc’s 2024 full-year results paint a picture of robust revenue growth juxtaposed with mounting profitability pressures. Revenue grew by 56% year-on-year (YoY) to N82.640 billion, an achievement that eclipses the company’s 5-year compound annual growth rate (CAGR) of 40%. This performance is further accentuated by an improved gross profit margin of 37%, up […]