Cadbury Nigeria records another loss-making year

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…