Cadbury Nigeria Plc, reported a net loss of N424m for the first six months of 2018, hurt by rising cost.

The Bournvita maker which emerged from a loss position at the end of 2017 said that a high selling and distribution expense and high net finance cost (Bank interest charges) erased all gains made in the period under review.

Despite the loss, the company recorded 8% sales growth in the six months to the end of June, helped by sales acceleration in the second quarter, which grew 14% to N9.3bn.