Key extracts of the interim report and accounts of
Earnings per share thus increased by 26 per cent from 26.98 kobo in first quarter 2019 to 34.02 kobo in first quarter 2020. Profit before tax had risen by 26 per cent from N723.93 million to N912.77 million. Turnover, however, declined by eight per cent from N9.28 billion in first quarter 2019 to N8.55 billion in first quarter of 2020.
The board of directors of
Shareholders will receive a dividend per share of 49 kobo, representing 96 per cent on the payout for the 2018 business year. The company had distributed N471 million to shareholders as cash dividend for the 2018 business year. Shareholders received a dividend per share of 25 kobo for the 2018 business year as against 16 kobo paid for the 2017 business year..
The dividend was one of the highlights of the audited report and accounts of
Total turnover rose from N35.97 billion in 2018 to N39.33 billion in 2019. Profit before tax also increased from N1.22 billion to N1.54 billion while profit after tax jumped from N823 million in 2018 to N1.07 billion in 2019.
The 2019 report further strengthened the performance outlook of the food company, after it posted three-digit growths in profitability in 2018. The audited report and accounts of the company for the year ended
In a review, Chairman,
Cadbury had last year appointed Mrs. OyeyimikaAdeboye as Managing Director with effect from
Mondelçz International, a global snacking powerhouse, holds 74.99 per cent majority equity stake in
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