Cadbury 3Q Numbers In, Revenue and Profit Take A Hit
Cadbury Nigeria Plc released its unaudited 3Q results today. The numbers were not striking as turnover plummeted 16% to N 20.7 Billion from N 24.7 Billion at 3Q, 2010
Profit before tax also fell to N 1.78 Billion from N 2.2 Billion at 3Q, 2010.
Net profit was down 19% to N 1.27 Billion from N 1.57 Billion over the same period last year.
Cadbury is investing in a new plant to manufacture Bournvita just outside of Lagos. The plant is expected to cost N 7 Billion.
The company’s stock is currently trading at N 14.20, off 47% from the beginning of the year.
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
Nigeria News
- LaLiga: That’s the style I want – Flick reacts as Atletico Madrid beat Barcelona
- EPL: Merson names team that cannot be ruled out in title race
- Stampede: Tell Nigerians how you share palliatives without tragedy – Igbokwe to govs, NASS members
- Gwamnatin Kano ta shirya gurfanar da masu kin biyan haraji daga 2025
- Biden signs funding bill to prevent government shutdown