Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Cadbury releases 2019 FY result, grows profit by 26%

Chike OlisahbyChike Olisah
3 years ago
in Business News, Company News, Company Results
Cost pressure dampens earnings growth outlook, Cadbury releases FY result for 2019, grows profit by 26%, Cadbury makes some board changes

Oyeyimika Adeboye, Cadbury Nigeria MD

Share on FacebookShare on TwitterShare on Linkedin

Food and beverage giant, Cadbury Nigeria Plc, has released its audited financial statement for full-year December 2019. The results released indicated some slight improvement in most of its performance indicators as it recorded a 26% increase in profit.

In a notification, which was sent to the Nigerian Stock Exchange and seen by Nairametrics, the company recorded a revenue of N39.3 billion as at December 31, 2019, as against the N35.9 billion, which was achieved in the corresponding period for 2018. This represents a 9% increase.

Cadbury Nigeria Un-audited Interim Financial Information, OK Foods Limited has sued Cadbury UK Limited
Cadbury Nigeria building

The gross profit for full-year 2019 was N8.32 billion as against the N7.95 billion which was achieved in the corresponding period for 2018. This represents a 5% increase.

The profit before tax for the multinational as of December 31, 2019, was N1.54 billion. This is against the N1.7 billion, which was achieved in December 2018 and represents a 26% increase.

[READ MORE: Royal Exchange, subsidiaries fail to release 2019 financial result, risk financial sanction)

Also, the profit after tax for December 31, 2019, was N1.07 billion as against the N823 million which was achieved for the corresponding period in 2018. This represents a 30% increase.

However, from the released audited financial statement, Cadbury, witnessed a drop in its expenses as its cost of sales dropped by about 10.6%. The cost of sales for full-year 2019 was N31 billion as against the N28.02 billion which was achieved in the corresponding period for 2018. This indicates a more efficient application and management of resources by the company.

Cadbury Nigeria Plc is a food, sweets and drink company with headquarters in Lagos, Nigeria. The company set up its manufacturing plant in Nigeria in 1965 and became publicly quoted on the Nigerian Stock Exchange in 1976. It has Mondelez International as its majority shareholder and competes with brands like Nestle, GlaxoSmithKline and Promasidor.

Some of its major brands include Bournvita, TomTom, Trebor and Peppermint, Eclairs and so on.

You can download the report here.

Related

Tags: Cadbury Nigeria PlcCadbury Nigeria Plc's FY 2019 resultsNigerian Stock ExchangeOn the Money

Leave a Reply Cancel reply

Press one
hfm
Mega Millions
fidelity banner
SME
HFM
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Denmark makes work permit, residency easier for foreign workers, startup founders, students
  • Chemical and Allied Products Plc reports 112% post-tax profit increase for period ended December 2022
  • Get mortgage and business loans with Polaris Select Plus account in 2 Steps

Follow us on social media:

Recent News

Denmark makes work permit, residency easier for foreign workers, startup founders, students

Denmark makes work permit, residency easier for foreign workers, startup founders, students

March 30, 2023
Chemical and Allied Products Plc reports 112% post-tax profit increase for period ended December 2022

Chemical and Allied Products Plc reports 112% post-tax profit increase for period ended December 2022

March 30, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections

© 2023 Nairametrics

error: Alert: Content selection is disabled!!