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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.

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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.

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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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.

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on

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

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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.

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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

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