The Chairman of the company, Atedo Peterside in his statement said the warrants for the payment of dividend would be posted on Monday, 9th July 2018 to holders of shares whose names appear in the Register of Members as at the close of business on 8th June, 2018, noting that this would be subjected to the deduction of withholding tax at the appropriate rate at the time of payment.
At the AGM shareholders commended the company’s impressive performance, while noting that the board of directors and management need to focus on their area of strength in the food and beverage industry; so as to boost its performance and leverage on its market share
Peterside assured that the company was working hard to come up with different products in the market and would not want to disclose such plans because of competitors.
According to him, key priorities of the company for 2018 include sustaining focus on quality, driving improvements in productivity and reinforcing operational efficiencies to maximize Cadbury’s competitive advantage.
He added that the company intends to drive growth ahead of competition to increase market share within its product categories, developing an organisation of high potential talent and sustaining the company’s aggressive Route-to-Market initiatives.
Cadbury Nigeria Plc, in its 2017 audited report ended December 31, indicated that it’s revenue grew by 10 per cent to N33.07 billion from N29.97 billion posted in 2016.
Profit for the period surged 200 per cent to N299.99 million from a loss position of N296.40 million in 2016; indicating a profit of N299.99 million in 2017. Profit before the deduction of tax of the food and beverage firm, increased 163 per cent to N350.31 million from a loss of N562.87 million in 2016.
Revenue of Cadbury Nigeria also increased eight per cent to N7.43 billion for N6.86 billion declared in the 2016 year end.
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