Cadbury’s annual profit doubles as revenue crosses N55 billion

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The company's profit grew 110.4 per cent to N946.1 million from N449.7 million in 2021

While the cost of sales jumped by almost one-third to N47.4 billion, selling and distribution expenses rose by over a quarter to N6.4 billion and administrative expenses by 31.2 per cent to N1.2 billion.

Cadbury Schweppes Overseas Limited controls Cadbury Nigeria, holding a 75 per cent stake in the company.

 

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