Nigeria: Cadbury reports strong growth, Unilever’s profits fall

A tale of two companies: Confectionery company Cadbury Nigeria has reported 32% growth in Q1 2019 gross profits to N2.4bn ($6.68m) compared to Q12018. Sales rose by 12.7% to N9.2bn ($25.62m) while net profit rose by 21.95%. Meanwhile Unilever Nigeria, has reported a 45% fall in profit before tax to N2.03bn ($5.63m). [...]
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