• Sunday, January 05, 2025
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BusinessDay

Why investors are turning to Vitafoam

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Vitafoam's resilience despite a slide in its net profit has investors turning to the foam, mattress and bedding firm. When Vitafoam announced its N1.05 dividend payout for the fiscal year ending September 2024, many investors were caught off guard. After all, a staggering 89 percent decline in net profit would usually signal caution, but the company’s bold move raised more questions than answers—questions that could shape its future in 2025. Questions that could be answered by a review of Vitafoam’s financials for the full year (FY) 20