Cadbury Nigeria has recorded an after-tax loss of N10.4 billion in 2024 from N19.1 billion in 2023.

The consumer goods firm’s revenue grew to N129.2 billion from N80.4 billion during the period.

Read also: Cadbury Nigeria incurs N12bn loss on higher costs

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Further analysis reveals that revenue was driven mainly by domestic sales at N114.4 billion while export sales stood at N14.8 billion in 2024.

Inventories grew to N 13.04 billion from N11.9 billion during the comparable periods.

Cadbury’s inventories comprise raw and packaging materials at N4.8 billion, goods in transit at N3.84 billion, spare parts at N2.34 billion, finished products at N1.89 billion and product in process at N178.1 million.

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By Iheanyi Nwachukwu • January 27, 2025

Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.

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