Cadbury Nigeria records N22 billion loss in 2024
Cadbury Nigeria has recorded a N22.2 billion loss for the 2024 financial year.
This is a one per cent decrease from its 2023 loss of N22.4 billion.
Cadbury Nigeria made this known in a corporate disclosure through the Nigerian Exchange Ltd. on Tuesday.
The company’s revenue grew from N80.378 billion in 2023 to N129 billion in 2024, recording a 61 per cent increase.
However, its gross profit grew marginally by five per cent to N18.227 billion from N17.337 billion.
The company’s share capital increased by 21 per cent from N939 million in 2023 to N1.140 billion in 2024.
Also, its total equity decreased by 57 per cent, from N10.22 billion in 2023 to N4.38 billion in 2024.
The company’s result from operating activities fell by 24 per cent from N7.872 billion in 2023 to N5.961 billion in 2024.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
TransDigm abandons acquisition of Stellant Systems after DOJ’s decision to block transaction
TransDigm Group has abandoned its attempt to acquire rival defence and industrial component manufacturer Stellant Systems.
Abuja
Trump pressures Tinubu on terror prosecutions, protection for Christians
The U.S. pressed the Nigerian government to do more to protect Christians from attacks, and that greater efforts and resources must be allocated to the safe return of IDPs.
Abuja
COREN Assembly: Tinubu seeks strong regulation, sanctions
Mr Tinubu said this at the opening of the 34th Engineering Assembly of the Council for the Regulation of Engineering in Nigeria in Abuja.
Heading 1
U.S. indicts bulletproof hosting firms Medialand, ML.Cloud, three Russians for cybercrime, wire fraud, money laundering
According to the indictment, 42 victims in 21 states were targeted by criminal groups who used Medialand’s and ML.Cloud’s services.
World
FULL LIST: 23 countries U.S. warns citizens not to visit
President Donald Trump’s administration listed 23 nations deemed too dangerous for U.S. citizens to visit.
Anti-Corruption
ICPC, EFCC ask scholars, students to lead Nigeria’s anti-corruption crusade
The ICPC chair has urged social science scholars and students to anchor anti-corruption crusades at all levels.
