Cadbury Nigeria posts Q1 loss of N303m, revenue dips

Cadbury Nigeria posted a first-quarter loss of N303 million ($1.5 million), compared with N1.15 billion profit year ago, it said on Tuesday.

Revenues at the food and confectionery maker declined 3 percent during the period to N6.73 billion naira, it said in a statement but did not provide a reason for the quarterly loss.