Cadbury Nigeria Plc recorded losses in 2023 and 2024 despite a 265% growth rate in revenue from 2020 to 2024

Key takeaways:

  • Revenue grew impressively from ₦27.8 billion in 2015 to ₦129.2 billion in 2024, a 364% increase.
  • The company recorded profitable years between 2017 and 2022, peaking at ₦1.15 billion profit in 2015.
  • From 2015 to 2019, the company maintained consistent single-digit growth, averaging 9% each year.
  • The revenue more than tripled between 2020 and 2024, reaching ₦129 billion in 2024.
  • Losses were recorded in 2016, 2023, and 2024.
  • Despite revenue more than doubling between 2022 and 2024, profitability reduced dramatically.

Cadbury Nigeria Plc’s revenue increased nearly fivefold from ₦27.8 billion in 2015 to ₦129.2 billion in 2024. Despite this, profit after tax was unstable.

The company posted losses in 2016, and after several years of moderate profits, it recorded sharp downturns in 2023 and 2024, with over ₦22 billion in losses each year.

Source:

Cadbury Nigeria Plc Annual Report, NGX

Period:

2015-2024
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