Cadbury Nigeria posts 62% drop in quarterly profit

Cadbury Nigeria Plc has reported a profit after tax of N241.58 million for the quarter ended Mar. 31, 2021, down 62 percent from N638.94 million in the same period of 2020.

The company said its profit before tax fell to N345.11 million in Q1 2021 from N 912.77 million in the same period a year ago.

Its revenue, however, rose by four percent to N8.92 billion from N8.55 billion, according to its unaudited financial statements.

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