Cadbury Nigeria Posts N766.4m Half-year Loss

CadburyCadbury Nigeria Plc
  • Cadbury Nigeria Posts N766.4m Half-year Loss

Cadbury Nigeria Plc has reported a pre-tax loss of N766.4m for the half-year ended June 2017.

This was a worse result when compared to the profit of N216.4m recorded by the firm a year ago, the firm’s filing with the Nigerian Stock Exchange on Wednesday showed.

Its half-year revenue for 2017 stood at N16.26bn, compared to N13.92bn posted in the corresponding period of 2016.

CAP Plc also filed its half-year result with the NSE recording an increase of 0.30 per cent in revenue, while its profit before tax and profit after tax dropped by 10.71 per cent and 10.71 per cent year-on-year.

For Premier Paints Plc, revenue, PBT and PAT all dropped by 53.10 per cent, 2804.59 per cent and 3267.54 per cent year-on-year, respectively.

Livestock Feeds Plc revenue appreciated by 27.65 per cent, while its PBT and PAT declined by 296.99 per cent and 389.69 per cent (year-on-year), accordingly.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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