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    Monday, September 21

    Cadbury Nigeria Records N22bn Loss for 2024

    Olu AnisereBy Updated: Companies No Comments1 Min Read
    Cadbury Nigeria Records N22bn Loss for 2024

    Cadbury Nigeria Records N22bn Loss for 2024

    Cadbury Nigeria has recorded a N22.2 billion loss for the 2024 financial year. This is a one per cent decrease from its 2023 loss of N22.4 billion. Cadbury Nigeria made this known in a corporate disclosure through the Nigerian Exchange Ltd. on Tuesday. The company’s revenue grew from N80.378 billion in 2023 to N129 billion in 2024, recording a 61 per cent increase.

    However, its gross profit grew marginally by five per cent to N18.227 billion from N17.337 billion. The company’s share capital increased by 21 per cent from N939 million in 2023 to N1.140 billion in 2024.

    Also, its total equity decreased by 57 per cent, from N10.22 billion in 2023 to N4.38 billion in 2024. The company’s result from operating activities fell by 24 per cent from N7.872 billion in 2023 to N5.961 billion in 2024. #Cadbury Nigeria Records N22bn Loss for 2024#

    Transactions on NGX Falls by 16% as FPIs Exit Positions

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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