Cadbury Nigeria recorded N19.09bn loss in 2023

Principal activities
Cadbury Nigeria Plc was incorporated in Nigeria on 9 January 1965 as a company limited by shares. It became a publicly listed Company with its shares traded locally on the Nigerian Stock Exchange in 1976. The Company’s brands fall into three principal categories, namely Cocoa Beverages, Gum and Candy and Intermediate Cocoa Products. CADBURY BOURNVITA, CADBURY 3-in-1 HOT CHOCOLATE etc.
financial Highlights in thousands of Naira.

Cadbury Nigeria Plc annual report and financial statements for the year ended 31 December 2023 recorded a loss of N19.09 billion for the year ended Dec.31, 2023, against N583.1million posted in year 2022. The company however recorded in contrast, a gross profit of N17.337 billion for its 2023 financial year, compared to N7.723 billion posted in year 2022, indicating an increase of 124 per cent.
Other Notes
The company’s Profit After Tax (PAT) for the year under review declined by 2,269 percent to settle at N28.157billion, as against N1.298 billion recorded in the year 2022.
The total equity traded by the company in the year 2023 also dropped by 149 per cent to 6,513,678 as against 13,302,629 traded in the year 2022.

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