Cadbury Nigeria Plc released its 2013 FY results showing revenue rose 7% to N35.7billion (2012 FY: N33.5billion). Pre-tax profits also rose 38% to N7.4billion (2012 FY: N5.3billion) as cost of sales remained flat and operating expenses rose 3%. Net Finance income also increased 6%.
Profit after tax for the year therefore rose astonishingly to N6billion 80% higher than the N3.3billion posted in 2012.
Cadbury shares closed today at N85.4 about 0.47% higher. The share price currently has a P.E ratio of 30x
Details to follow…..