Cadbury Nigeria Plc on Thursday reported higher sales and profit for the full-year 2019.

The beverage giant said that sales grew by 16% in Q4 to $10.4bn and by 9.3% in full-year to $39.3bn.

Gross Profit grew by 3% in the twelve months to $8.2bn, driven by an 11% increase in cost of sales. Costs jumped by 27% in Q4 resulting in an 11% decline in gross profit for the quarter.