By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Beverage maker, Cadbury Nigeria Plc said on Friday its pretax profit for the year ended December 31, 2014 declined 80 percent to N1.47 billion from N7.42 billion a year earlier.

Similarly, post tax profit dropped 75 percent to N1.51 billion from N6.02 billion recorded in the same period of 2013.

Also, revenue dipped to N30.52 billion from N35.76 billion posted in the corresponding period of 2013; indicating a decline of 15 percent, Cadbury said in a filing with the Nigerian Stock Exchange (NSE).

The beverage producer cut its dividend payout to investors of the company as it proposed 0.65 kobo per share compared to N1.30 it paid in 2013; showing a cut in dividend payment of 50 percent.

Cadbury says closure of register for 2014 audited year end is May 11-15, 2015.

The company has scheduled its annual general meeting (AGM) and payment dates for June 10 and 11, 2015 respectively. The AGM comes up at the Civic Centre in Victoria Island, Lagos.