Tag: Cadbury

Cadbury's $7m debt to stock conversion approved by shareholders

Cadbury’s $7m debt to stock conversion approved by shareholders

The conversion of an outstanding $7.72 million (N7.04 billion) intercompany loan owed to Cadbury Schweppes Overseas Limited, the company’s principal shareholder, to equity has been approved by Cadbury Nigeria Plc’s shareholders. The shareholders gave their approval at the Extraordinary General Meeting, which was held in Lagos recently. The company disclosed that between February 2021 and […]

Cadbury's $7m debt to stock conversion approved by shareholders

NGX hits 4.24% as Cadbury Nigeria leads weekly gainers 

Cadbury Nigeria was the biggest gainer on the NGX for the week ending January 12, 2024. The Times reported that the All-Share Index rose 4.24% to close at 83,042.96 points, up 3,378.3 points from the previous week’s close of 79,664.66 points. The NGX All-Share Index hit a record-breaking 83,191.84 points on Tuesday, January 9, 2024, capping […]

Cadbury's $7m debt to stock conversion approved by shareholders

Cadbury Nigeria rakes in N4.3bn pre-tax profit in Q3 2023

Pre-tax profit for FMCG company Cadbury Nigeria Plc was N4.30 billion in Q3 2023, up 533.4% year over year from N678.4 million in Q3 2022. The Times reported that the revenue for Q3 2023 was N23.59 billion, a noteworthy 60.9% increase over the same quarter in 2022, according to the company’s financial filings for the period […]

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