Cadbury records N147m as PAT for H1 2016

By Ihesiulo Grace

22 July 2016

Briefs:

Cadbury Nigeria Plc has reported a profit after tax (PAT) of N147.1 million compared to a loss of N250.7 million posted for the same period of 2015.

The beverage and sweets producing company also declared a profit before tax of N216.4 million in the six months period ended June 30, 2016 compared to a loss of N250.7 million recorded for the same period of 2015.

Cadbury’s revenue declined 1.55 percent to N13.92 billion compared to N14.14 billion recorded in the first six months of 2015, Shares of the company was last traded at N16.09 per share.