Cadbury Nigeria records N55 billion revenue in 2022

Cadbury Nigeria Plc, a subsidiary of Mondelēz International, has announced a turnover of N55.21billion for the year ended December 31, 2022, representing an increase of 30.3 per cent over N42.37 billion recorded in the same period in 2021.

The Company’s recently released unaudited financial highlights for the full year 2022 (covering the period January 2022 to December 2022), also indicated that its gross profit grew from N6.48 billion in 2021, to N7.76 billion in 2022, representing an increase of 19.87 per cent.

Cadbury Nigeria’s profit for the period under review, increased by 110.22 per cent from N450 million to N946 million, while the Company’s basic earnings per share rose by 108.33 per cent 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.

“We will keep fine-tuning 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”, Adeboye said.