[RESULTS 2015 H1] Cadbury Reports 95% Drop in Second Quarter Profits

Cadbury Plc released its 2015 Half year results showing losses ballooned to about N250million. The Chocolate and Beverage company has been facing revenue decline in the last 4 quarters and can’t seem to stop the slide. However, the company posts profit after tax of N53million for the second quarter of the year compared to a […]

Cadbury Plc released its 2015 Half year results showing losses ballooned to about N250million.
The Chocolate and Beverage company has been facing revenue decline in the last 4 quarters and can’t seem to stop the slide.
However, the company posts profit after tax of N53million for the second quarter of the year compared to a loss of N304 million in the first quarter of the year.
The profit after tax of N53million is a 95% drop in profits when compared to the N1 billion posted same quarter last year.
Q2 is also typically the best quarter for Cadbury as such this result suggest a bad year already for the company.
The profit recorded this quarter was also not enough to offset the loss of Q1 throwing the company into a N250 million loss.

Cadbury Plc
2015 Results	Q1	Q2	%age Change
	N’m	N’m
Income Statement

Revenue	6,732	7,406	10.0%
Cost of sales	(5,041)	(4,973)	-1.3%
Gross Profit	1,691	2,433	-30.5%
Operating Expenses	(2,029)	(2,424)	19.5%
Operating Profit	(337)	10	-3578.4%
Other Income	4	10	174.3%
Net Finance Income	30	33	9.9%
Profit Before Tax	(304)	53	-675.9%
Taxation		–	#DIV/0!
Profit after Tax	(304)	53	-675.9%
Effective Tax Rate	0%	0%
Indices
Eps (Kobo)	75.00	192.00	-60.9%
Outstanding Shares	3,129.19	3,129.19
Gross Profit Margin	25.1%	32.9%	-23.54%
Operating Profit Margin	-5.0%	0.1%	-3926.82%
Profit Margin	-4.5%	0.7%	-733.60%
SGA as a %age of Gross Profit	120.0%	99.6%	20.43%
Interest Cost as a percentage of Operating Profit	9.0%	-344.3%

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