BrandsFinance

Cadbury reports N946 million profit after tax for 2022

Leading consumer goods manufacturer Cadbury Nigeria Plc has posted its financial report for the full-year 2022. 

The report shows an improvement in the company’s financial performance for the period as profit for the year jumped to N946 million from N449 million in the previous year. 

The financial report is summarised below.

Read:  Zenith Bank gives N93.33b dividends

Revenue 

2022 FY: N55.213 billion  

2021 FY: N42.372 billion 

Change: +30% 

Gross Profit 

2022 FY: N7.765 billion  

2021 FY: N6.477 billion 

Change: +20% 

Operating profit 

2022 FY: N247 million  

2021 FY: N491 million 

Change: -50% 

Net Finance Income 

2022 FY: N1.104 million  

Read:  Heritage oil appoints new CEO

2021 FY: N606 million 

Change: +82.18% 

Pre-tax profit 

2022 FY: N1.351 billion 

2021 FY: N1.097 million 

Change: +23% 

Net Profit after tax  

2022 FY: N964 million 

2021 FY: N449 million 

Change: +110% 

Earnings per share 

2022 FY: N50.37  

2021 FY: N23.94 

Read:  Startups get $2.5b funding in five years

Change: +110% 

Bottom line: The profit growth for the period was due to an improvement in revenue despite the inflation during the period.  

Revenue from domestic sales raked in the highest at N53,045 billion while revenue from export sales raked in at N2 billion, to sum up to N52.213 billion. 

Related posts

Dangote, MTN, Globacom named among top 50 brands.

NigGal

NCC approves MTN, Airtel for spectrum auction

NigGal

Union Bank’s transformation to Titan Trust Bank inching closer 

NigGal

SEC lists benefits of non-interest capital market

NigGal

NIBSS: BVN enrolment rises to 51.19m

NigGal

World Bank approves $311m for West Africa

NigGal

Leave a Comment