Cadbury Nigeria Plc has recorded dismal results in all performance indicators for the financial year ended Dec. 31, 2014.
Reports have it that the company’s profit-before-tax dipped by 80 per cent to N1.47 billion from N7.42 billion achieved in the corresponding period of 2013.
The report is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) on Friday in Lagos.
Its profit after tax dropped by N4.51 billion or 74.89 per cent to N1.51 billion from N6.02 billion posted in the comparative period of 2013.
Also, revenue stood at N30.52 billion against N35.70 billion recorded in the preceding period of 2013, a decrease of 15 per cent.
The company’s total current liabilities stood at N14.04 billion compared with N14.39 billion declared in 2013.
Total current assets stood at N12.34 billion from N26.231 billion achieved in the preceding year of 2013.
The company’s net assets decreased by 52 per cent to N11.54 billion from N23.994 billion achieved in the comparable period of 2013.
The company has proposed a dividend payout of 65k to all shareholders whose name appears on the register between May 11 and May 15.
