Nigeria, Dec. 29 -- Mattress manufacturer Vitafoam has turned the tables resoundingly on the performance woes that hammered operating profit and caused earnings to tank to its lowest in six years in 2024.

Post-tax profit for the year ended September 2025 leaped more than 15 times to catapult the maker of foam products, beddings and home & workplace furniture to a record N14.5 billion, its latest financial report showed.

The turnaround, more of a reward for cutting back expenses than growing sales, came about as the company trimmed down foreign exchange loss by 95.1 per cent, enabling it to post N774 million in other gains. That compares to other losses of N12.1 billion a year ago.

In 2024, Vitafoam's bottom line took a hit, following a...