Vitafoam Nigeria attributes sustained growth to stakeholders’ loyalty


Taofik Salako, Capital Market Editor

WITH a 121 per cent growth in net profit to N1.14 billion in the third quarter, Vitafoam Nigeria Plc has attributed its continuing growth to unflinching supports and loyalty of several stakeholders.

Addressing stakeholders at the National Distributors’ Award in Lagos, Group Managing Director, Vitafoam Nigeria Plc, Mr Taiwo Adeniyi said the consistent stellar performance of the company was due to commitment of its key distributors, sub dealers, comfort centre operators, business partners and other stakeholders.

According to him, the symbiotic relationship between the company and its stakeholders enhanced a winning formular at the root of Vitafoam’s consistent dominance of the market after almost six decades of existence.

He noted that besides being at the frontline of ensuring availability of the company’s products to the final consumers, the trade partners have also played significant role of ensuring that the company remains at the top…



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