Cadbury Nigeria Plc has released its first quarter (Q1 2022) financial results showing a profit of N1.54 billion which reflects an obvious 538% increase compared to N242 million in the corresponding period of 2021.
The increase in the prices of goods and services during the year under review resulted in inflationary pressures that impacted both consumers and producers
However, profit was supported by cost management practices as the cost of production increased by only 14%, compared to a 19% increase in 2021 despite the inflation during the period.
A declaration of N0.50 kobo dividend for FY 2021, to be paid on June 16, 2022, has been made by the company while Earnings per share for Q1 2022 is N0.82 as the company last traded at N8.50 per share and has declined by 3.41% from year-to-date.
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