Cadbury Nigeria Plc in its 2018 audited full year financial results submitted and released to the public by the Nigeria Stock Exchange (NSE) on March 20th, 2018 showed the consumer goods manufacturer PAT significantly soared by 174.36% from N299.9million of 2017 to settle at N823million in the current period.
The company’s financial results also disclosed 8.75% rise in topline figure of N33billion recorded in the same period the previous year to N35.9billion of 2018.
The earnings per share also grew to N0.44 in current year under review from N0.16 recorded in 2017.
The current period’s PE Ratio as computed stands at 27.38x and the earnings yield at 3.65%.
Cadbury Nigeria is a member of the Cadbury Schweppes Group, a major player in the global confectionary and beverages markets with over 40, 000 employees and business operations in 200 countries.
Cadbury Nigeria has a portfolio of brands that are market leaders in the Confectionery, Food Drinks and Foods categories.
Cadbury’s initial objectives in the 1950s to source cocoa and prospect for a market in Nigeria led to the establishment of a manufacturing facility in Ikeja, north of Lagos, in 1965.
The company has since grown organically to become one of the leading manufacturers in Nigeria, with a rising profile in the Europe, Middle East Africa (EMEA).
Listed on the Nigerian Stock Exchange (NSE) since 1976, Cadbury is in the top 10 of the 258 quoted equities by market capitalisation at the end of 2002. Cadbury Schweppes currently owns 46.3% of the equity, with the balance stock held by about 40,000 individual and institutional shareholders.
Cadbury Nigeria is one of the few signatories to date to the Convention on Business Integrity.
Its lead brands include Tom Tom, Bournvita and Bubba bubble gum. Other brands include Cadbury Eclairs, Cadbury Chocki, Trebor Mints, Halls Take 5 (vitaminised candy), and Creme Rollers. Cadbury Nigeria also owns a cocoa processing business, the Stanmark Cocoa Processing Company.
However, the company’s management did not include dividend information in the audited financial reports released for the year ended 31st December, 2018.
