Cadbury Nigeria Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 19,044.63 million compared to NGN 15,088.01 million a year ago. Net loss was NGN 17,992.75 million compared to net income of NGN 800.24 million a year ago. Basic loss per share from continuing operations was NGN 9.58 compared to basic earnings per share from continuing operations of NGN 0.43 a year ago.
For the six months, sales was NGN 35,607.76 million compared to NGN 27,876.67 million a year ago. Net loss was NGN 14,539.47 million compared to net income of NGN 2,341.79 million a year ago. Basic loss per share from continuing operations was NGN 7.7412 compared to basic earnings per share from continuing operations of NGN 1.2468 a year ago.