Cadbury Nigeria Plc has released its unaudited interim financial information for the half year (H1) ended June 30, 2020.
The results at the Nigerian Stock Exchange (NSE) show Cadbury H1’20 revenue decreased year-on-year (yoy) by 18percent to N15.92 billion from N19.45billion in H1’19.
The company’s results from operating activities went down by 20percent, to N714.69million in H1’20 as against N888.77million recorded in H1’19.
Cadbury Nigeria Plc is principally engaged in the manufacture and sale of branded fast moving consumer goods mostly to the Nigerian market, but also for exports.
In the review half year to June 30, Cadbury profit before tax (PBT) stood lower by 20percent to N766.65million from N957.05million in H1’19.
The Company’s brands fall into three principal categories, namely: refreshment beverages, confectionary and intermediate cocoa products.
Its profit for the H1’20 period decreased to N536.66million from a high of N669.93million in H1’19, representing 20percent decrease. Basic earnings per share of 28.57kobo as against 35.67kobo in H1’19 also implies a decrease of 20percent.
Cadbury Bournvita and Cadbury 3-in-1 hot chocolate are the refreshment beverages, Tom Tom, Buttermint and Clorets gum are the Confectionery products while Cocoa Butter is a key product in the intermediate cocoa category.
Cadbury Nigeria Plc is owned 74.97percent by Cadbury Schweppes Overseas Limited (CSOL), incorporated in the United Kingdom while CSOL is owned by Mondelez International and 25.03percent by a highly diversified spread of Nigerian individual and institutional shareholders.
