Cadbury Nigeria Plc, a subsidiary of Mondelēz International, has posted a turnover of N55.21billion for the year ended December 31, 2022. This represents an increase of 30.3 percent on N42.37billion recorded in the corresponding period in 2021.
Cadbury’s unaudited financial statement for the full year 2022 (covering the period January 2022 to December 2022) which was released in Lagos recently also shows that its gross profit grew from N6.48billion in 2021 to N7.76billion in 2022, representing an increase of 19.87 percent.
The company’s profit for the period under review increased by 110.22 percent, from N450million to N946million, while its basic earnings per share rose by 108.33 percent from 24 kobo to 50 kobo, within the same period, showing that it maintained growth across various indices. In a statement issued by the company, Mrs. Oyeyimika Adeboye, its Managing Director, said Cadbury Nigeria has continued to push the boundaries to sustain its current growth trajectory in a tough business environment. “Our recently launched candies (Cadbury Caramel, Cadbury Coffee), and Cadbury Bournvita Biscuit, all contributed to our growth profile in 2022,” Adeboye said, adding that “We will keep finetuning our strategies to manage these challenges, in line with our mission, which is focused on nourishing and delighting our consumers with the right snacks, while remaining committed to our stakeholders and doing what is right for our environment.”