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Home Business News

Cadbury makes FY 2017 profit of ₦350 million

Onome Ohwovoriole by Onome Ohwovoriole
March 19, 2018
in Business News, Company News
Cadbury Nigeria plc
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Cadbury Nigeria Plc today released its financial statements for the year ended December 2017. Revenue increased by 10% from N29.9 billion in 2016 to N33 billion in 2017. The company made a profit before tax of N350 million in 2017, as against a loss before tax of N562 million in 2017.

Profit after tax also bounced back to N299 million from a loss after tax of N296 million made in 2016. The company has declared a dividend of ₦0.16 per share.

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Cadbury is currently at ₦15.45 in today’s trading session. Year to date, the stock is up 9.13%.

Here is a copy of the result.


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Tags: Cadbury Nigeria Plc
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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