Cadbury Nigeria Plc has released its unaudited financial statement for the first quarter period ended March 31st, 2020. According to the interim financial statement which was published on the Nigerian Stock Exchange’s website, the consumer goods maker’s profit for the period rose by 26%. See the key highlights below.
Revenue for the quarter: Cadbury earned total revenue of N8.5 billion, marking an 8% decline from from N9.2 billion that was recorded for the comparable Q1 period of 2019. The cost of sales for the period however reduced by 9% to N6.2 billion as against N6.9 billion in Q1 2019.
Profit before Tax: The company’s profit before tax jumped by 26% to N912.7 million compared to N723.9 million in Q1 2019.
Profit after Tax: The Bournvita maker’s profit after tax for the first quarter of 2020 equally rose by 26% to N638.9. Profit after tax in Q1 2019 stood at N506.7 million.
Meanwhile, basic earnings per share for Q1 2020 increased by N34.02 from N26.98, also indicating a 26% jump. Cadbury Nigeria’s share price ended Tuesday’s trading on the Nigerian Stock Exchange at N6.30.