Cadbury Nigeria Shareholders To Get 25 Kobo Dividend

Cadbury Nigeria Shareholders To Get 25 Kobo Dividend

Following the improved earnings performance that was recorded in its 2018 financial year, the board of directors of Cadbury Nigeria Plc, has proposed 25 kobo dividend to its shareholders.

Details of the corporate action from the company shows that register of members closes on May 24, 2019. Payment date is June 19, 2019.

The company Annual General Meeting (AGM) comes up on June 18, 2019 in Lagos. The dividend payout is 56.25 percent increase above 16 kobo that was paid to shareholders for the 2017 financial year. At the close of business on Friday 22, 2019, the share price closed at N9.90 Kobo losing N1.10 a decrease of 10 percent.

During the week the foods and beverage company that prides itself with Bournvita among other products was a able to grow its revenue by 8.75 percent from N33,079 billion in 2017 to N35,973 billion in 2018. Highlight of the company result shows that profit for the period was up by 174.36 percent from N299,998 million in 2017 to N823, 085 million in 2018.

Profit before tax grew by 249.06 percent to N1,222 billion above N350,317 million that was recorded in 2017. Earnings per share stood at 0.44 in 2018 above 0.16 in 2017 an increase of 174.36 percent.

Other aspect of the 2018 full year financial shows that cost of sales was up by 9.25 percent from N25,644 million in 2017 to N28,017 million in 2018. Selling and distribution expenses were up by 9.98 percent. While finance cost went up by 8.08 percent from N547,963 million in 2017 to N592,231 million in 2018.

Photo Caption: Mrs. Oyeyimika Adeboye Newly Appointed Managing Director

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.

Leave a Reply