Cadbury posted N39.3bn turnover, grew profit by 53.54%

Cadbury Nigeria in its fourth quarter report for the period ended, December 31, 2019 posted a turnover of N39.3 billion, up by 9.32% away from the previous turnover of N35.97 billion in the corresponding period in 2018.

Profit before Tax grew by 26.33% to close at N1.5 billion from the previous close of N1.2 billion.

Profit after Tax was up by 53.94%, closing the year 2019 at N1.27 billion from the previous close of N823 million in 2018.

The Earnings per Share (EPS) of the firm stands at N0.67, down by 53.94% from the previous EPS of N0.44.

With reference to the share price of N9.7, the P.E ratio of Cadbury stands at 14.48x with earnings yield of 6.91%.

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