By InvestAdvocate

Lagos (INVESTADVOCATE)-Beverage maker, Cadbury Nigeria Plc on Wednesday said its pretax profit for the period ended September 30, 2015 dropped 98 percent to N40.78 million from N2.39 billion recorded in the same period of last year, the company said in a filing with the Nigerian Stock Exchange (NSE).

In the same vein, profit after tax (PAT) dipped the same margin of 98 percent to N28.55 million from N1.65 billion reported a year earlier.

Also revenue of the beverage maker declined from NN23.31 billion in the Q3 period of 2014 to N21.07 billion in the review period of 2015; indicating a drop of 10 percent.