Cadbury Nigeria’s revenue hits N9.3bn in Q1 2019   

Business News
Cadbury Nigeria Plc today announced revenue of N9,283billion for the three months ended March 31, 2019.
This represents an increase of 12.7 percent over N8,235billion revenue realised within the same period in 2018.
The Company also recorded gross profit of N2,375billion, representing an increase of 32 percent over the N1,799billion, which was reported for the same period in 2018.
The company’ s profit for the period stood at N506million, which translates to 2200 percent growth, when compared to N22 million realised in the first quarter of last year.
The company’s first quarter result reflects a sustained positive trend in the Company’s performance.
 In its full year result for 2018, profit before tax surged by 242.9 percent to N1.2billion, from N350million in 2017.
The Company also reported an increase of 174 percent in its profit after tax from N299.9million to N823million, within the same period.

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