Zenith

  • Latest News

    Friday, October 26, 2018

    Cadbury Nigeria Rebounds to Profit On Higher Sales, Cost Cutting

    Struggling Cadbury Nigeria Plc jumped back into the black in the nine-months to the end of September, helped by rising sales and cost cutting.
    The Bournvita maker reported a net income of ₦172m reversing a net loss of ₦64m from the same period a year earlier.

    Sales in the 9-months to the end of September rose 11% to ₦26.9bn, with the growth accelerating in the third quarter by 16.1% to ₦9.4bn from ₦8.1bn.
    Cadbury saw Operating Profit jump 1,675%, thanks in part to cost cutting measures it implemented which reduced selling and distribution expenses as well as admin expense by 12% and 19% respectively.

    The company operates three reportable business segments – Refreshment Beverages which includes the manufacture and sale of Bournvita and 3-in1 Hot chocolate. The firm noted that revenue in that segment which contributed 58% of net sales rose 10.16%; Confectionary products which include the manufacture of Tom Tom, Buttermint, Clorets and Trident, accounting for 26% of revenue saw a 2.3% sales growth, while Intermediate Cocoa products which include the manufacture and sale of cocoa powder, cocoa butter, cocoa liquor and cocoa cake, accounting for 16% of sales grew 30.7% in the period.
    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: Cadbury Nigeria Rebounds to Profit On Higher Sales, Cost Cutting Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top