Cadbury Nigeria Plc (NGX: CADBURY) recorded a 51% growth in revenue and a 554% surge in profit for the first half of the year, according to the un-audited Interim Financial Information for the half year ended 30 June 2022 released by the company.
Financial highlights
Revenue rose to N27.88 billion in June 2022, from N18.52 billion in June 2021.
The gross profit increased by 169% to N5.85 billion in June 2022 from N2.18 billion in June 2021.
The profit after tax stood at N2.34 billion, a 554% rise from a loss of N516.17 million reported in June 2021.
The basic earnings per share rose to 124.68 kobo against minus 27.48 kobo recorded in June 2021.
The company’s total assets rose to N53.12 billion as at June 30, 2022 from N43.69 billion as at December 31, 2021.
Major asset components are:
- Property, plant and equipment: N13.91 billion
- Inventories: N10.83 billion
- Cash and cash equivalents: N21.56 billion
The total liabilities stood at N38.77 billion up from N30.05 billion in 2021.
The major components of the liabilities are:
- Trade and other payables: N23.40 billion
- Current borrowings: N6.72 billion
- non-current borrowings: N6.15 billion.
Screenshot of Cadbury Nigeria Plc statement of profit or loss.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.