Cadbury Nigeria Plc has announced revenue of N28.912billion for the nine months ended September 30, 2019. This represents an increase of 7.2 percent over the N26.959billion revenue realised within the same period in 2018.
A statement from the beverage maker over the weekend said the company recorded gross profit of N5.857billion, representing an increase of 10.4 percent over the N5.306billion that was reported for the same period in 2018.
Cadbury Nigeria’s profit for the period stood at N648million, which translates to 276.8 percent growth, when compared to N173million realised in the same period of last year. The statement said the result reflects a sustained positive trend in its performance, adding that profit before tax within the review period, grew by 267.4 percent to N926million, from N253million in 2018.
Cadbury Nigeria is a publicly quoted company and a pioneer cocoa beverage manufacturer offering some of the most loved brands in the country. Cadbury Nigeria is a 74.99 percent-owned subsidiary of Mondelēz International, a global snacking powerhouse with an unrivalled portfolio of brands. The remaining 25.01 percent of shares are held by a diverse group of indigenous, individual and institutional investors. A front-runner in beverages, confectionery and gum, Cadbury Nigeria’s quality products–Bournvita, Hot Chocolate 3 in 1, TomTom, Buttermint, Trident and Clorets–are market leaders in their respective consumer segments.
ODINAKA ANUDU
