Cadbury Nigeria Plc recorded strong growths in sales and profitability in the first quarter, with net profit rising by 182 per cent to ₦5.98 billion.
Key extracts of the interim report and accounts of Cadbury Nigeria for the first quarter ended March 31, 2025 showed that the company reversed its loss of ₦7.32 billion recorded in first quarter 2024 with a net profit of ₦5.98 billion in first quarter 2025.
Pre-tax profit stood at ₦8.54 billion in first quarter 2025 as against loss of ₦10.45 billion in first quarter 2024. Cadbury Nigeria’s gross profit further improved by 143 per cent from ₦4.99 billion to ₦12.15 billion. Turnover had risen by 57 per cent from ₦23.69 billion in t first quarter 2024 to ₦37.22 billion in first quarter 2025.
Total equity rose from ₦4.38 billion to ₦10.35 billion, representing an increase of 137 per cent.
With these, earnings per share (EPS) increased by 182 per cent to ₦2.62, reversing a loss of ₦3.21 recorded in comparable period of 2024. Net assets per share also rose from ₦1.92 to ₦4.54, representing an increase of 137 per cent.
Managing Director, Cadbury Nigeria Plc, Oyeyimika Adeboye said the company’s sterling performance in the first quarter of this year reflected its resilience and agility in the face of a challenging business environment.
She added that the company’s strong focus on cost management and efficient use of resources are yielding fruit.
“I must commend my colleagues at Cadbury Nigeria and our board of directors for their commitment in ensuring that we successfully navigated the stormy waters. I must also specially thank Mondelez International, our parent company, for its unwavering support during this difficult period,” Adeboye said.
Cadbury Nigeria, which turned 60 on January 09, 2025, was earlier this year, rated Number Two Top Employer in Nigeria and Regional Top Employer in Africa, by the Amsterdam-based Top Employers Institute, for the fourth consecutive year.
Credit: thenationonlineng.net
