By Nkiruka Nnorom

CADBURY Nigeria Plc has listed the major areas of concentration for the Board and management that will help the company in its drive to sustain the growth achieved in 2017 after a rebound to profitability from the 2016 losses.

The company had during the year ended December 31, 2017, recorded N299.998 million Profit After Tax, PAT, from loss position of N296.4 million in 2016, representing 200 percent Year-on-Year growth, while its revenue grew by 10 percent to N33.08 billion from N29.98 billion in 2016.

Also, the company’s earnings per share rose by 200 percent to 16 kobo during the same year. Following the rebound to profitability, the company declared N301.5 million dividend, which translates to 16 kobo per ordinary share of 50 kobo each, which was approved by the shareholders at the company’s 53rd  Annual General Meeting, AGM, in Lagos.

Emphasising the key priority areas in his address to the shareholders at the AGM, the Chairman, Mr. Atedo Peterside, said that going forward, the company would sustain its focus on quality, drive improvement in productivity and reinforce operational efficiencies in order to maximize its competitive advantage.