By Modupe Gbadeyanka
The board of Cadbury Nigeria Plc has proposed the payment of 16 kobo per share dividend to its shareholders for the year 2017.
The firm released its audited financial statements for the year ended December 31, 2017, and the results were impressive compared with 2016.
In the results obtained by Business Post, Cadbury grew its revenue last year to N33.1 billion against N30 billion achieved two years ago.
Also, the gross profit increased to N7.4 billion in 2017 from N6.9 billion recorded in 2016.
Furthermore, the pre-tax profit closed at N350.3 million as at December 31, 2017 in contrast to the loss of N562.9 million the company posted in the corresponding period of 2016.
For the profit after tax, it stood at N300 million in the 2017 financial year against the N296.4 million loss achieved in 2016.
In addition, the company’s total assets closed for the period at N28.423 billion compared with N28.409 billion in 2016, while the total liabilities finished at N16.680 billion as at December 31, 2017 against N17.352 billion as at December 31, 2016.
View the full financial statements HERE
Adedapo Adesanya