![[RESULTS 2015 H1] Cadbury Reports 95% Drop in Second Quarter Profits](https://nairametrics.com/wp-content/uploads/2015/07/Revenue-dip.jpg)
- 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 | 6,732 | 7,406 | 10.0% |
| Cost of sales | (5,041) | (4,973) | -1.3% |
| Gross Profit | 1,691 | 2,433 | -30.5% |
| Operating Expenses | (2,029) | (2,424) | 19.5% |
| Operating Profit | (337) | 10 | -3578.4% |
| Other Income | 4 | 10 | 174.3% |
| Net Finance Income | 30 | 33 | 9.9% |
| Profit Before Tax | (304) | 53 | -675.9% |
| Taxation | – | #DIV/0! | |
| Profit after Tax | (304) | 53 | -675.9% |
| Effective Tax Rate | 0% | 0% | |
| Indices | |||
| Eps (Kobo) | 75.00 | 192.00 | -60.9% |
| Outstanding Shares | 3,129.19 | 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% |
