Cadbury Nigeria Plc, reported its full year 2017 results on Monday, with the Bournvita maker posting a net profit of ₦300m ($826,000). In the same period in 2016, the company recorded a net loss of ₦296m.
The positive performance was driven by a 10% growth in sales to ₦33bn ($90 million) from ₦29.9bn. The firm also benefited from cost savings initiatives which saw selling & distribution costs as well as administrative costs decline by 7% and 23% respectively.
A new study released on Thursday by Orb Media, a non-profit journalism organization working with scientists from the State University of New York in Fredonia claims that 93% of sampled global bottled water tested show ‘some sign of micro-plastic contamination’.
The study examined 259 bottles from nine countries and 11 brands produced by transnational companies including Aquafina (PepsiCo), Dasani (Coca-Cola), Evian (Danone), Nestle Pure Life and San Pellegrino (Nestle).
