Lagos, Nigeria — VitaFoam Nigeria, an African flexible foamer and furniture maker, had total sales of NGN 12.94trn ($36m) in first half of 2019, up 20.8% on the first half of the previous financial year.
Gross profit across the business rose 26.4%, and reached NGN 3.78trn in the first half of 2019. This compares with a total of NGN 2.99trn in the equivalent half of 2018.
According to data filed with the Nigerian Stock Exchange, more than 99.9% of the company's sales are made in Nigeria.'
Currency conversion: XE.com
|Vitafoam Nigeria H1 2019 (NGN trn)|
|Group||H1 2019||H1 2018||Change %|
|Source: Vitafoam Nigeria|