Cadbury Nigeria Plc has posted net earnings of N1.267 billion for the full year ended December 31, 2019, which translates to 54 percent growth, when compared to N823.085 million realised in the same period of last year.
According to the company’s unaudited financial result obtained from the Nigerian Stock Exchange, the firm’s revenue grew by nine percent to N39.326 billion in 2019 to N35.973 billion posted in 2018.
Profit before tax grew by 26 percent from N1.222 billion in 2018 to N1.544 billion in 2019. The company’s cost of sales dropped by 11 percent from N28.017 billion in 2018 to N31.110 billion in 2019…
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