Vitafoam Nigeria (VITAFO.ng) 2022 Annual Report

Vitafoam Nigeria (VITAFO.ng) listed on the Nigerian Stock Exchange under the Retail sector has released it’s 2022 annual report.

For more information about Vitafoam Nigeria (VITAFO.ng) reports, abridged reports, interim earnings results and earnings presentations visit the Vitafoam Nigeria (VITAFO.ng) company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for Vitafoam Nigeria (VITAFO.ng) in the past 12 months, as of 2nd January 2023, is US$7.95M (NGN3.38B). An average of US$662.63K (NGN281.57M) per month.

Vitafoam Nigeria 2022 annual report

Company Profile

Vitafoam Nigeria Plc manufactures and sells a range of flexible, reconstituted and rigid foam products in Nigeria. It is the largest foam manufacturing company in the country with an extensive distribution network which includes exporting to other countries in Africa. Vitafoam is a household name in Nigeria and known for its quality products and being a leader in innovation and advanced sleep technology. Mattresses can be custom-made to customers’ requirements using contour cutting equipment. The company also provides foam products for mothers with children including changing mats, baby cot mattresses and feeding pillows. Rigid polyurethane foam manufactured by Vitafoam Nigeria Plc is used in the oil and gas, refrigeration, air-conditioning, poultry and office partitioning sectors. In 200, Vitafoam Nigeria Plc became the first foam manufacturing company in Nigeria to be awarded the NIS 9002 Certificate for its flexible and rigid polyurethane foam, fiber pillows, underlays and adhesives. The company expanded its operations to include Vitafoam Ghana Limited (2008) and Vitafoam Sierra Leone Limited (2009). Vitafoam Nigeria Plc has a major stake in Vono Products and established Vitapur Nigeria which manufactures insulation products; and Vitablom which processes fibre and other material for the upholstery layer. Its company head office is in Lagos, Nigeria. Vitafoam Nigeria Plc is listed on the Nigerian Stock Exchange