Growing and Creating Value:

The unaudited Q3, 2011 result of Cadbury Nigeria Plc for the period ended September 30, 2011 shows that its Turnover (TO) grew by 19.01% to N24.67bn, compared with N20.73bn in the corresponding period of 2010.

Profit Before Tax (PBT) increased by 23.24% between Q3 2010 and Q3 2011 to N2.19bn from N1.78bn. The tax provision increased between 2011 and 2010 to N623mn from N506mn which resulted in the Profit After Tax (PAT) of N1.57bn, up from N1.27bn in Q3 2010, representing a growth of 23.52%. The PBT Margin in Q3, 2011 increased over the Q3, 2010 and over the FY, 2011 figure.

The PBT margin increased to 8.88% in Q3, 2011 from 8.57% as at Q3, 2010, and up from 6.69% as at the end of the financial year in December, 2010. PAT margin currently stands at 6.36%, up from 6.13% in the corresponding period of 2011, and also up from a negative 4% as at FY 2010.

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Source:FSDH