Earnings Forecast: Cadbury expects Net Income to Rise 61% in Q1 2012
Cadbury Nigeria released its earnings forecast for Q1, 2012 to the Nigerian Stock Excnage yesterday.
The manufacturer of Bournvita has disclosed that it expects headline revenue to increase by 15% from N 7.6 Billion over Q1, 2011 levels to N 8.7 Billion at the end of March 2012.
The company also expects profit before tax to rise 47% from N 320 Million over the period ended Q1, 2011 to N 470 Million at the end of March.
Net Income is expected to rise by 61% to to N 339 Million from N 211 Million over Q1, 2011.
The company’s stock is currently trading at N 11.05, down 60% from year onset levels.
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