- Cadbury Plc released its 2015 Half year results showing losses ballooned to about N250million.
- The Chocolate and Beverage company has been facing revenue decline in the last 4 quarters and can’t seem to stop the slide.
- However, the company posts profit after tax of N53million for the second quarter of the year compared to a loss of N304 million in the first quarter of the year.
- The profit after tax of N53million is a 95% drop in profits when compared to the N1 billion posted same quarter last year.
- Q2 is also typically the best quarter for Cadbury as such this result suggest a bad year already for the company.
- The profit recorded this quarter was also not enough to offset the loss of Q1 throwing the company into a N250 million loss.
Cadbury Plc | |||
2015 Results | Q1 | Q2 | %age Change |
N’m | N’m | ||
Income Statement | |||
Revenue | Â Â 6,732 | Â Â 7,406 | 10.0% |
Cost of sales | (5,041) | (4,973) | -1.3% |
Gross Profit | Â Â 1,691 | Â Â 2,433 | -30.5% |
Operating Expenses | (2,029) | (2,424) | 19.5% |
Operating Profit | Â Â Â Â (337) | Â Â Â Â Â Â Â Â 10 | -3578.4% |
Other Income | Â Â Â Â Â Â Â Â Â Â 4 | Â Â Â Â Â Â Â Â 10 | 174.3% |
Net Finance Income | Â Â Â Â Â Â Â Â 30 | Â Â Â Â Â Â Â Â 33 | 9.9% |
Profit Before Tax | Â Â Â Â (304) | Â Â Â Â Â Â Â Â 53 | -675.9% |
Taxation | Â Â Â Â Â Â Â Â – | #DIV/0! | |
Profit after Tax | Â Â Â Â (304) | Â Â Â Â Â Â Â Â 53 | -675.9% |
Effective Tax Rate | 0% | 0% | |
Indices | |||
Eps (Kobo) | Â Â Â Â Â Â Â Â Â Â 75.00 | Â Â Â Â Â Â Â Â 192.00 | -60.9% |
Outstanding Shares | Â Â Â Â 3,129.19 | Â Â Â Â 3,129.19 | |
Gross Profit Margin | 25.1% | 32.9% | -23.54% |
Operating Profit Margin | -5.0% | 0.1% | -3926.82% |
Profit Margin | -4.5% | 0.7% | -733.60% |
SGA as a %age of Gross Profit | 120.0% | 99.6% | 20.43% |
Interest Cost as a percentage of Operating Profit | 9.0% | -344.3% |