• About Us
  • Terms & Conditions
  • Contact Us
Wednesday, October 4, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Breaking: US House Speaker Kevin McCarthy voted out of office

    Breaking: US House Speaker Kevin McCarthy voted out of office

    Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

    October 1, 2023: President Tinubu’s full speech on Independence Day

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN assigns roles to new deputy governors

    Nnamdi Kanu’s release: S’Court fixes date for hearing, allows FG to raise new objections

    Supreme Court sets date for hearing Nnamdi Kanu’s case

    Long serving US Senator Dianne Feinstein dies at 90

    Long serving US Senator Dianne Feinstein dies at 90

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG, States & LGAs share a total of N1.1 trillion August revenue – FAAC

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    NLC, TUC declare nationwide indefinite strike

    NLC, TUC declare nationwide indefinite strike

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    JUST IN: BUA reduces price of cement to N3,500 per bag

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA announces US$6 billion financing for SMEs in partnership with AfCFTA

    Capital Hotels Plc gives update on voluntary delisting

    Capital Hotels Plc gives update on voluntary delisting

    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Breaking: US House Speaker Kevin McCarthy voted out of office

    Breaking: US House Speaker Kevin McCarthy voted out of office

    Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

    October 1, 2023: President Tinubu’s full speech on Independence Day

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN assigns roles to new deputy governors

    Nnamdi Kanu’s release: S’Court fixes date for hearing, allows FG to raise new objections

    Supreme Court sets date for hearing Nnamdi Kanu’s case

    Long serving US Senator Dianne Feinstein dies at 90

    Long serving US Senator Dianne Feinstein dies at 90

    FG issues Flood Alert: 13 States, 50 Communities to be affected

    FG, States & LGAs share a total of N1.1 trillion August revenue – FAAC

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Air Force Bombs IPOB/ESN camps in Orsumugho-Anambra, Okigwe-Imo

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    Senate confirms nomination of Yemi Cardoso as CBN Governor along with four Deputies

    NLC, TUC declare nationwide indefinite strike

    NLC, TUC declare nationwide indefinite strike

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Headline Inflation in Nigeria rose to 22.04% in March

    Food prices continue to soar in Nigeria as inflation hits 25.80%

    NERC hikes electricity meter price by 40%

    NERC hikes electricity meter price by 40%

    NNPC says no plan to increase petrol price in March

    Nigeria’s daily petrol consumption dropped by 16.8% in July – report

    Student Loan Act: How to apply for the loan, all you need to know

    Tinubu establishes presidential CNG initiative, targets nationwide adoption

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    Subsidy Palliative: FG gives states N5bn to buy rice, maize

    FG to streamline taxes from 52 to 10, rename FIRS

    FG to streamline taxes from 52 to 10, rename FIRS

    Student Loan Act: How to apply for the loan, all you need to know

    FG establishes ‘Infrastructure Support Fund (ISF) for the 36 States of the Federation’

    Headline Inflation in Nigeria rose to 22.04% in March

    Inflation in Nigeria rises to 22.79% in June 2023

    CBN extends Naira 4 Dollar Scheme for diaspora remittances until further notice

    CBN includes Naira as payout option for diaspora remittance

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 22 September 2023

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 15 September 2023

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    NGX Daily Equities Market Report: Market gains for third consecutive days

    Nigerian Exchange: Stock Market report for week ended 8 September 2023

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.07% as VITAFOAM loses 10%

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained by 1.11% as Dangote Sugar rises another 10%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.08% as TRANSCORP falls 9.99%

    TRANSCORP reports 528.45% rise in profit for 2021 FY

    The NGX- ASI gained by 0.51% as TRANSCORP rises above N7

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI gained by 0.90% as Dangote Sugar rises above N50

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    JUST IN: BUA reduces price of cement to N3,500 per bag

    UBA Plc profit for H1 2021 grew by 36.35% to N60.58 billion

    UBA announces US$6 billion financing for SMEs in partnership with AfCFTA

    Capital Hotels Plc gives update on voluntary delisting

    Capital Hotels Plc gives update on voluntary delisting

    Court sanctions transfer of Access Bank Plc Shares to Holding Company

    Access Holdings Plc declares 30 kobo interim dividend for H1 2023

    Dr. Cardoso assumes duty as CBN acting Governor

    Dr. Cardoso assumes duty as CBN acting Governor

    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    Ellah Lakes Plc gets SEC approval to raise ₦2.9bn new capital via rights issue

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Kyari claims OVH acquisition grew NNPC Retail’s Q1 2023 profit to N18.4bn

    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    Fidelity Bank Plc completes acquisition of Union Bank Plc UK

    Zenith Bank posts N174bn profit, earns N28.14bn from Account Maintenance in 9 Months

    Zenith Bank Plc reports N291.73bn profit for Half-Year 2023

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

Q1 2021: Cadbury Nigeria Plc profit falls 62% despite increase in revenue

Wednesday, 28 April 2021, 12:13 pm
in Business, Companies
0
Q1 2021: Cadbury Nigeria Plc profit falls 62% despite increase in revenue
Share Share Share Share Send as Email

Cadbury Nigeria Plc posted a 62% decline in profit after taxation for the first quarter ended 31 March 2021 despite a 4% rise in revenue.

According to the Un-audited Interim Financial Information for the Period Ended 31 March 2021 released by the company, the revenue rose by 4% to N8.92 billion in Q1 2021 from N8.55 billion in Q1 2020.

However, the cost of sales rose to N7.43 billion from N6.3 billion. The rise in the cost of sales is higher compared to the rise in revenue. Thus, the gross profit declined to N1.49 billion from N2.29 billion in Q1 2020.

Notably, Cadbury Nigeria Plc’s selling and distribution expenses fell to N892.77 million in Q1 2021 from N1.14 billion in Q1 2020 while the administrative expenses decreased to N274.41 million from N339.67 million in Q1 2020.

The profit after taxation dropped by 62% to N241.58 million in Q1 2021 from NN638.94 million in Q1 2020.

Read also: Q1 2021: Ecobank Group Profit after tax rises by 22%

The total assets rose N37 billion from N33.2 billion as at 31 December 2020. Property, plant and equipment (N12.62 billion) and Cash and cash equivalents (N14.32 billion) represents 73.8% of the total assets.

Total liabilities amounted to N23.21 billion up from N19.66 billion as at 31 December 2020.

Major components

  • Trade and other payables: N12.59 billion (2019: N10.91 billion).
  • Borrowings: N4.98 billion (2019: 3.45 billion).

Total equity slightly rose to N13.79 billion from N13.55 billion.

The share price of Cadbury Nigeria Plc closed at N7.75 per share on Tuesday. YTD the the price is down  13.89%.

About Cadbury Nigeria Plc

Cadbury Nigeria Plc is a company domiciled in Nigeria. The address of the Company’s registered office is Lateef Jakande Road, Ikeja, Lagos. The Company is principally engaged in the manufacture and sale of branded fast moving consumer goods mostly to the Nigerian market, but also for exports.

The Company’s brands fall into three principal categories, namely: refreshment beverages, confectionary and intermediate cocoa products. Cadbury Bournvita and Cadbury 3-in-1 hot chocolate are the refreshment beverages, Tom Tom, Buttermint and Clorets gum are the Confectionery products while Cocoa Butter is a key product in the intermediate cocoa category.

Cadbury Nigeria Plc is owned 74.97% (2020: 74.97%) by Cadbury Schweppes Overseas Limited (“CSOL”), incorporated in the United Kingdom while CSOL is owned by Mondelez International and 25.03% (2020: 25.03%) by a highly diversified spread of Nigerian individual and institutional shareholders.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Cadbury Nigeria Plc's profit more than doubled in 2022 amid revenue growth
    Cadbury Nigeria Plc's profit more than doubled in 2022 amid…
  • Cadbury Nig. Plc Profit dips by 20% as Revenue declined by 18% in H1 2020
    Cadbury Nig. Plc Profit dips by 20% as Revenue declined by…
  • FY 2021: UAC of Nigeria reports decline in profit despite over 24% rise in revenue
    FY 2021: UAC of Nigeria reports decline in profit despite…
  • Flour Mills of Nigeria Plc rakes in N355bn revenue, profit up by 68% for H1 2020/2021 financial year
    Flour Mills of Nigeria Plc rakes in N355bn revenue, profit…
Previous Post

Tesla makes more money from Bitcoin than selling cars

Next Post

NGX Market Report: Index down by 1.33% on the back of price adjusted DANGCEM

Next Post
NGX Market Report: Index down by 1.33% on the back of price adjusted DANGCEM

NGX Market Report: Index down by 1.33% on the back of price adjusted DANGCEM

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Breaking: US House Speaker Kevin McCarthy voted out of office

Breaking: US House Speaker Kevin McCarthy voted out of office

Custodian Investments Plc announces 10 kobo interim dividend for H1 2022

List of Dividends announced in 2022, qualification and payment dates

We will not nationalize foreign assets in response to seizures of Russian property abroad – Putin

Wagner Chief was a man of “complicated destiny” – Vladimir Putin

Breaking: US House Speaker Kevin McCarthy voted out of office

Breaking: US House Speaker Kevin McCarthy voted out of office

Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

JUST IN: BUA reduces price of cement to N3,500 per bag

Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity

October 1, 2023: President Tinubu’s full speech on Independence Day

“CBN plans to shut down financial transactions” – Apex Bank warns of fake news

CBN assigns roles to new deputy governors

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist