Cadbury Nigeria posts HY pre-tax loss 766.4 mln naira

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  • HY ENDED JUNE 2017 REVENUE 16.26 BILLION NAIRA VERSUS 13.92 BILLION NAIRA YEAR AGO
  • HY LOSS BEFORE TAX 766.4 MILLION NAIRA VERSUS PROFIT OF 216.4 MILLION NAIRA YEAR AGO

Cadbury Nigeria plc, manufactures of Bournviter and other beverages reported NGN766.3 million net loss for the second quarter 2017 compared to NGN147.1 million profit recorded same period fiscal year 2016.

Cadbury Nigeria ended the quarter with higher revenue of NGN16.2 billion in contrast to NGN13.9 billion it recorded same period 2016 while costs of sales NGN13.0 billion against NGN9.8 billion in the previous year

The company’s gross profit fell to NGN3.1 billion in the period under review compared to NGN4.0 billion posted in the year before while operating loss was NGN558.4 million against NGN132.7 million profit in the financial year 2016.

The total asset was NGN30.9 billion compared to NGN28.3 billion acquired in 2016 while total liabilities was NGN20.4 billion versus NGN17.3 billion in the year before.

 

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