Vitafoam To Pay N1.38bn Dividend As Net Asset Hits N25bn

Vitafoam Nigeria Plc has proposed a dividend of N1.05 per share, amounting to N1.375bn for approval by shareholders at its 63rd Annual General Meeting (AGM), scheduled for 6th March 2025 in Lagos.

The Group’s Net Asset, a performance indicator of corporate growth, rose to N25bn in 2024 from N17bn in the previous year, an increase of 47 per cent.