Cadbury Shifts to Profitability With ₦350 million Revenue in 2017

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Cadbury Shifts to Profitability With ₦350 million Revenue in 2017

Cadbury Nigeria Plc today released its financial statements for the year ended December 2017.

Revenue increased by 10% from N29.9 billion in 2016 to N33 billion in 2017. The company made a profit before tax of N350 million in 2017, as against a loss before tax of N562 million in 2017.

Profit after tax also bounced back to N299 million from a loss after tax of N296 million made in 2017. The comapany has declared a dividend of ₦0.16 per share.

Cadbury is currently at ₦15.45 in today’s trading session. Year to date, the stock is up 9.13%.

Here is a copy of the result.

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Schwiz Josh

Schwiz Josh

I spend my time exploring information, writing and developing problem solving technologies. Follow me on IG @schwizjosh

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