By Sola Ayanwola
The Cadbury Nigeria Plc have declared that there will be no Dividend payment for their shareholders in the 2023 financial year as the firm suffered #19.09 Billion loss after tax.
According to Our Heritage Reporter, the firm annual report and financial statements for the year ended December 2023 which was filed with the Nigerian Exchange Limited on Tuesday, indicated that the loss was a 3,374 percent plummet from a profit of #583.11million in 2022.
It will be recalled that during the 2022 financial year, Cadbury’s revenue rise by 46 percent to #80.38 Billion from #55.21 billion in the previous year.
Due to the loss incurred in the 2023 financial year, the directors of Cadbury did not recommend any dividend payment for the year unlike 2022 where the shareholders of the firm enjoyed dividends payment.
Cadbury Nigeria Plc is owned ( 74.97 percent) by Cadbury Schweppes Overseas Limited ( CSOL) incorporated in the United Kingdom and CSOL is owned by Mondeilez internation.
