Tag Archives: Cadbury

Cadbury Nigeria off to a strong start in 2019 on higher sales, steep drop in net finance charge

Cadbury Nigeria Plc got off to a strong start in 2019 with a 2,200% jump in net profit in the first quarter, driven by higher sales and lower finance charge.

The Bournvita maker said that first quarter sales grew by 13% to N9.2bn from N8.2bn in the previous year.

Gross Profit grew 32% to N2.4bn, while Operating Profit jumped 236% to N714m from N213m. Finance cost fell sharply by 87% thus providing a boost to net income which rose to N507m from N22m in 2018.

Cadbury Nigeria names Oyeyimika Adeboye as new Managing Director, Ogaga Ologe as Finance Director

Cadbury Nigeria Plc on Tuesday announced the appointment of Mrs Oyeyimika Adeboye as the company’s new Managing Director effective 1st April 2019. Mrs Adeboye takes over from Mr Amir Shamsi, who will take on a new role within Mondelēz International, the parent company of Cadbury Nigeria.

Mrs Adeboye would be the first woman Managing Director in Cadbury Nigeria history. Her appointment attests to the Company’s commitment to promoting gender equality, diversity and inclusion.

Cadbury Nigeria sustains growth momentum at full year

Cadbury Nigeria Plc reported a net earnings growth of 174% in 2018. Profit skyrocketed to ₦823m from ₦300m in 2017. The leap in profit was helped by a 9% sales growth to ₦35.9 from ₦33bn, with its flagship Bournvita and 3-in-1 Hot Chocolate, which contributed 59% of Group sales recording 17.55% sales increase.

Cadbury collaborates with UNHC, donates Bournvita to IDP camps

Cadbury Nigeria Plc has announced the donation of Bournvita products, its flagship brand to some Internally Displaced Persons (IDP) camps in Nigeria, working in collaboration with the United Nations High Commission for Refugees.

In a statement, the company’s Corporate and Government Affairs Director for West Africa, Mr Bala Yesufu, said Cadbury was moved to make the donation by the plight of IDPs living in various camps in the country.

Cadbury Nigeria celebrates 30 employees with long service

Cadbury Nigeria Plc has celebrated some of its employees that have been with the company for a long time during its annual Long Service Awards.

The Director, Corporate and Government Affairs, West Africa, Bala Yesufu, said in a statement that Cadbury rewarded 30 employees for their length of service to the organization.

Giving a breakdown of the awardees, Yesufu said that 18 of the employees had spent more than 10 years with the company; nine employees were in the 20 years category; while three awardees had at least 30 years length of service with the firm. He added that 11 out of the 18 awardees in the 10 years category were from the company’s Ondo plant.

Cadbury Nigeria rebounds to profit on higher sales, cost cutting

Struggling Cadbury Nigeria Plc jumped back into the black in the nine-months to the end of September, helped by rising sales and cost cutting.

The Bournvita maker reported a net income of ₦172m reversing a net loss of ₦64m from the same period a year earlier.

Sales in the 9-months to the end of September rose 11% to ₦26.9bn, with the growth accelerating in the third quarter by 16.1% to ₦9.4bn from ₦8.1bn.

Cadbury Nigeria falls back into loss amid rising cost

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.

Cadbury makes gaining bigger market share a focal point of sustaining profitability

Cadbury Nigeria Plc, said it will make growing market share and bolstering the efficiency of its distribution system a focal point of sustaining growth and delivering better returns to shareholders.

The company’s chairman, Mr Atedo Peterside, outlined the firm’s plans while addressing shareholders at the company’s Annual General Meeting (AGM) at the weekend in Lagos.

He added that the company will focus on four strategic areas to drive its growth ambition in 2018, after emerging from loss last year.

Soaring finance charge takes shine off Cadbury Nigeria’s profit

Cadbury Nigeria Plc, said if it wasn’t for soaring net finance charges, shareholders would have found more to cheer about in its first quarter results.

The Bournvita maker said that revenue grew 2% in the first three months of 2018 to ₦8.2bn, from ₦8bn in the previous year.

Cadbury launches new lifestyle programme for families

Cadbury Nigeria Plc on Thursday announced the launch of a healthy lifestyle programme aimed at bringing nutrition education, active play and fresh foods to at-risk children and their families in Nigeria.

The firm said it was joining nine other countries in the Mondelez International family in this initiative, which would involve $50m a-year commitment to promote healthy lifestyles and address obesity.