Cadbury’s FY2019 profit expands by 30%

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.

Read also: FAAC meeting deadlocked, as Nigerian govt faces revenue crunch

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.

With outstanding shares numbering 1.878 billion, Cadbury’s Price to Earnings (PE) ratio stands at 9.23%.

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.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now