Cadbury Nigeria Grows Profit by 277% in Nine Months

• Cadbury Nigeria Grows Profit by 277% in Nine Months

Cadbury Nigeria Plc grew revenue by 7 percent in the nine months through September 30, 2019.

In the company’s unaudited financial results released through the Nigerian Stock Exchange (NSE), total revenue grew from N26.959 billion in the same period of 2018 to N28.912 billion.

The cost of sales increased by 6 percent to N23.055 billion, up from N21.653 billion.

The company’s profit before tax grew by 266 percent to N811.939 million from N679.232 million.

While profit after tax jumped by 277 percent from N171.951 million in the same period of 2018 to N648.027 million in the period under review.

Total equity grew by 11 percent to N12.852 billion, up from N11.614 billion recorded in the corresponding period of 2018.

Earnings per share also rose by 277 percent from N9.16 to N34.50 in the period.

The company’s total assets grew from N27.528 billion to N28.910 billion.