By InvestAdvocate

Lagos (INVESTADVOCATE)- Beverage maker, Cadbury Nigeria Plc said on Tuesday its offering a dividend of 65 kobo per share to investors of the company; translating to a gross dividend of N1.221 billion.

The beverage producer had paid the same amount in 2014 audited year end when it cut payment by 50 percent compared to N1.30 paid in 2013.

A review of the 2015 audited accounts of the company shows that profit after tax (PAT) for the period ended December 31, 2015 declined 46 percent to N1.153 billion from N2.137 billion recorded a year ago.

Similarly, pretax profit dropped 34 percent to N1.577 billion to N2.385 billion posted the same period of 2014.

Also, revenue of the company depreciated from N30.518 billion in 2014 end to N27.825 billion in the review period of 2015, showing a drop of nine (9) percent, Cadbury said in a filing with the Nigerian Stock Exchange (NSE).