Food and beverage giant, Cadbury Nigeria Plc, has released its audited financial statement for full-year December 2019. The results released indicated some slight improvement in most of its performance indicators as it recorded a 26% increase in profit.
In a notification, which was sent to the Nigerian Stock Exchange and seen by Nairametrics, the company recorded a revenue of N39.3 billion as at December 31, 2019, as against the N35.9 billion, which was achieved in the corresponding period for 2018. This represents a 9% increase.
The gross profit for full-year 2019 was N8.32 billion as against the N7.95 billion which was achieved in the corresponding period for 2018. This represents a 5% increase.
The profit before tax for the multinational as of December 31, 2019, was N1.54 billion. This is against the N1.7 billion, which was achieved in December 2018 and represents a 26% increase.
Also, the profit after tax for December 31, 2019, was N1.07 billion as against the N823 million which was achieved for the corresponding period in 2018. This represents a 30% increase.