Cadbury Nigeria returns to profitability; Pays 16 Kobo Dividend in 2017

Kindly Share This Story:

The management and Board of Directors in the Cadbury Nigeria Plc have proposed 16 kobo per share dividend to its shareholders from year 2017 financial performance.

 

The firm released its audited financial statements for the year ended December 31, 2017, and the results were impressive compared with 2016.

 

In the results showed Cadbury grew its revenue to N33.1 billion against N30 billion representing N3.1billion increase from last year which revealed achievement from operational activities to two years ago.

 

Also, the gross profit increased to N7.4 billion in 2017 from N6.9 billion recorded in 2016.

Furthermore, the pre-tax profit closed at N350.3 million as at December 31, 2017 in contrast to the loss of N562.9 million the company posted in the corresponding period of 2016.

 

Amehnews recalls that the profit after tax in the year under review stood at N300 million in the 2017 financial year against the N296.4 million loss achieved in 2016.

 

In addition, the Company’s total assets closed on N28.423 billion compared with N28.409 billion in 2016, while the total liabilities finished at N16.680 billion as at December 31, 2017 against N17.352 billion as at December 31, 2016.


Kindly Share This Story:

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

amehnews greetings

x