Cadbury Nigeria Plc has announced an income of N55.21 billion for the year ended December 31, 2022, representing an increase of 30.3 percent over N42.37 billion recorded in the same period in 2021.

The company’s unaudited financial results for the year also showed that its gross profit grew to N7.76 billion in 2022 from N6.48 billion in 2021, representing an increase of 19.87 percent. Cadbury Nigeria’s profit before tax for the period under review, increased by 110.22 percent to N946 million from N450 million in 2021, while the company’s basic earnings per share rose by 108.33 percent to 50 kobo from 24 kobo.


Remarking on the result, Mrs. Oyeyimika Adeboye, Managing Director of the company, said that Cadbury Nigeria has continued to push the boundaries to sustain its current growth trajectory in a tough business environment.

She also said the recently launched candies (Cadbury Caramel, Cadbury Coffee), and Cadbury Bournvita Biscuit, all contributed to the growth profile in 2022 and she promised that they will keep fine-tuning their strategies to manage these challenges, in line with their mission, which is focused on nourishing and delighting the consumers with the right snacks, while remaining committed to the stakeholders and doing what is right for the environment.