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Cadbury Nigeria Plc: Decline in domestic and export sales depletes revenue

Cadbury Plc recorded a decrease in its domestic and export revenues generating unit.

Published

6 months ago

October 31, 2020

Adeyemi Adebayo

Cost pressure dampens earnings growth outlook, Cadbury releases FY result for 2019, grows profit by 26%, Cadbury makes some board changes

Cadbury Nigeria Plc reported revenues of N25.77 billion in 2020 9M, compared to N28.91 billion same period in 2019.

Key highlights for 2020 9M

Revenues decreased to N25.77 billion, -10.87% YoY.
Revenues from domestic sales decreased to N22.96 billion, -10.31% YoY.
Revenues from export sales decreased to N3.3 billion, -14.42% YoY.
Cost of sales decreased to N20.52 billion, -11.02% YoY.
Administrative expenses decreased to N935.98 million, -28.87% YoY.
Pre-tax profits increased significantly to N1.22 billion, +31.84% YoY.
Earnings Per Share increased to 45 kobo, +28.57% YoY.

Bottom Line

Cadbury Plc recorded decrease in its domestic and export revenues generating unit. Companies have generally recorded decreased revenues in the last three quarters mostly due to COVID-19. Cadbury’s revenues did not increase in the period under consideration. However, pre-tax profits surged, thanks to a reduction in the cost of sales and administrative expenses.

Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Rak Unity Petroleum Company Plc reported revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Published

3 months ago

February 2, 2021

Adeyemi Adebayo

Focus: This small-cap oil company is seriously lagging behind

Rak Unity Petroleum Company Plc released its 2021 FY results reporting total revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
The company reported a loss after tax of N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
It reported a loss per share of N1.11 in 2020 compared to N0.26 loss per share reported in 2019.
No dividend announcement was made in their press release.
The company share price of N0.30 unchanged YTD.

See link to results here

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Conoil Plc reported a revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Published

3 months ago

February 2, 2021

Adeyemi Adebayo

Conoil Plc released its 2021 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. –20.9% YoY
The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.
It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. –22.89% YoY.
No dividend announcement was made in their press release.
The company share price of N20.85, up +0.72% YTD.

See link to results here

Nairametrics

Cadbury Nigeria Plc: Decline in domestic and export sales depletes revenue

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Cadbury Nigeria Plc: Decline in domestic and export sales depletes revenue

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Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Nairametrics | Company Earnings