Connect with us

BUSINESS

Cadbury Nigeria posts N55.2bn as gross earnings

Published

1 year ago

on

Cadbury Nigeria Plc, a subsidiary of Mondelēz International, has recorded gross earnings of N55.21 billion for the full year ended Dec. 31, 2022.

The turnover represents 30 per cent growth, when compared to the N42.37 billion posted in the same period in 2021.

The company disclosed this in its annual report and financial statements as corporate disclosure to Nigerian Exchange Ltd., (NGX) on Tuesday in Lagos.

The company said its profit before tax grew from N1.097 billion in 2021 to N1.298 billion in 2022, representing an increase of 18 per cent.

The company also said that it recorded total assets of N59.713 billion, which represents an increase of 31.55 per cent when compared to N43.688 billion recorded in 2021.

The company also reported a gross profit of N7.72 billion as against N6.48 billion posted in 2021, representing 19 per cent growth.

It also recorded a net operating profit of N194 million and a net interest income of N1.1 billion respectively.

Related Topics:
Olawunmi Ashafa

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel