Tag Archives: Bournvita

Cadbury Nigeria posts 9-months loss of N842m

Cadbury Nigeria Plc, said on Thursday it recorded a net loss of N842m in the first nine months of 2016 ending 30 September. In the same period in 2015, the company made N29m in profit.

The maker of Bournvita has come under pressure on multiple fronts in a slowing economy that has seen inflation spike to 17.9% as of September, made worse by the June 20 naira devaluation which has made borrowing costs more expensive, reflected in higher cost of goods sold. And as with most FMCG companies in the country, obtaining foreign exchange to buy needed raw materials continues to pose a challenge. Compounding the problem for the firm is a weakened consumer purchasing power and competition from rivals in the market. The losses reached N1bn in the third quarter (July – September).

Beverage brands make list of Top 10 Nigerian brands

Ipsos, a global brands and marketing research firm for the first time in its five years of study has published the list of Top ten most influential out of 100 brands in Nigeria.

According to Ipsos, the brands were selected based on marketing survey conducted on 1000 Nigerians to assess 100 brands on various marketing parameters such as influence, trustworthiness, leading edge and corporate citizenship.

Cadbury Nigeria Half-Year revenue fall 1.6% on headwinds, competitive pressure

Cadbury Nigeria Plc, said on Wednesday that revenue for the six months ending in June 30, 2016 fell by 1.6% to N13.9bn, from N14.1bn in the same period a year ago.

While revenue was off by 1.6%, the maker of Bournvita posted a healthy profit after tax of N147m for the period, a 159% increase from 2015.

Cadbury Nigeria’s Q1 revenue rise 6%

bournvita

Cadbury Nigeria Plc, makers of Bournvita, said revenue for the first quarter (Q1 2016) rose 6% to N7.1bn, from N6.7bn a year earlier.

Cadbury Nigeria unveils new Bournvita

Cadbury Nigeria has re-launched its flagship breakfast brand, Bournvita amid pomp.

At the unveiling, which took place at its Corporate Headquarters in Alausa, Ikeja Lagos, the Managing Director/CEO of Cadbury Nigeria, Mr. Roy Naaman, said that the new Bournvita has improved nutritional content, which is good for Nigerians.

Bournvita, Indomie Partner in National Consumer Promo Campaign

One of the most innovative and rewarding brand partnerships in recent times, leading beverage brand, Bournvita, from the stables of renowned beverage maker, Cadbury Nigeria Plc, has partnered foremost noodles brand, Indomie, for the Bournvita Celebration Campaign.

The partnership aligns with Bournvita’s commitment to provide consumers with more value and nutrition.

Cadbury inaugurates new N10bn factory

Cadbury Nigeria Plc, makers of Bournvita among other beverage products, on Friday, 16 October 2015, commissioned a new manufacturing plant at its Agidingbi, Ikeja site in Lagos.

The new ultra-modern production plant was commissioned by the Governor of Lagos State, Akinwunmi Ambode.

The new factory would enable the company raise its capacity by nearly 37 percent to meet rising demand for its food-drink and Bournvita.

Cadbury set to unveil new plant to boost production

Cadbury Nigeria, makers of Bournvita is set to commission a new manufacturing plant at its Agidingbi, Lagos site on Friday, Oct 16th, as part of its effort to increase production capacity and meet the increasing demands for its chocolate drink, Bournvita.

The new plant will be commissioned by the Lagos State Governor, Akinwunmi Ambode. Also expected at the commissioning is the Executive Vice President Integrated Supply Chain, Mondelez International, Daniel Myers and other top government officials.

Troubled times at Cadbury as profits dip on economic headwinds

Cadbury Nigeria Plc, makers of Bournvita and other fast moving consumables saw a decline in its profit by 75 percent for the year ended December 2014.

The company’s income statement shows a drop in net income by 75 percent to N1.51bn from N6.02bn the same period of the prior year (FY 2013). Sales also slipped by 15 percent to N30.51bn.

Earnings per share (EPS) declined by 61 percent to 75k in 2014 fiscal period versus 192k in fiscal 2013 year end.