Cadbury Nigeria Plc on Friday, October 21, released its results for the nine months period ended 30 September 2016 showing a loss after tax of N842.2 million, representing a plunge of 3,049 percent from profit after tax of N28.6 million recorded for the nine-month period ended September 30, 2015.
The company announced a revenue drop of 1.2 percent to N21.32 billion in the nine-month period of 2016 from N21.07 billion in the corresponding period of 2015.
Cadbury’s shareholders fund plummeted by 16.8 percent to N10.2 billion in September 2016 from N12.3 billion as at December 2015
Cadbury’s share plunged by 4.99 percent to N13.13 today on the Nigerian Stock Exchange, NSE, from N13.82, a loss of 69 kobo per share.
