Beverage and confectionery maker, Cadbury Nigeria Plc, has recorded a 30% growth in its after-tax profit for Full Year 2019 relative to the figure posted in the same period the year before.
This and other details of the food company are contained in its Annual Report 31 December 2019, posted on the website of the Nigerian Stock Exchange (NSE) yesterday.
Revenue inched up by 9%, climbing from N35.973 billion at FY2018 to N39.327 billion in the corresponding period of last year.
Profit Before Tax (PBT) advanced to N1.539 billion at FY2019 in contrast to the N1.223 billion Cadbury posted in the comparative period the previous year, marking a 26% growth.
Cadbury’s Profit for the Year leapt by 30% to N1.071 billion at FY2019, up from the N823.085 million reported the year before.
Earnings Per Share (EPS) appreciated from N0.44 at FY2018 to N0.57 at FY2019, signalling a 29.5% growth.
On the expenditure side, Cost of Sales increased from N28.017 billion at FY2018 to N31.001 in the review period, signalling an increase in the form’s cost of doing business.
Similarly, spending on Selling and Distribution escalated from N1.561 billion at FY 2018 to N1.820 billion in the same period last year.
Management might want to consider cutting cost in these areas in the nearest future in order to deliver better shareholder value.
Cadbury closed trade on the floor of the Nigerian Stock Exchange (NSE) yesterday at N6.25 per share.
Earnings Per Share is the profit that each unit of a company’s ordinary shares yields during a particular period. It is simply calculated by dividing the Profit After Tax by the company’s total outstanding shares. Increase in a company’s EPS often reflects an improvement in its bottom-line while a fall, on the other hand, indicates a declining profit.