Cadbury Nigeria Plc, recently presented its full period result for the year ended 31st December, 2007. It seems the company has not quite recovered from her year 2006 ill fortune, which led to the removal of the former Chief Executive Officer, Bunmi Oni over allegations of account overstatement. The recent reported ‘truth and fair view’ result of the company, showed a ‘Loss After Taxation’ posting of N726.978 million (loss), as against preceding year 2006’s comparable period’s N5.762 billion; which indicates a 12.62 percent cut in losses and at such seems to be on a recovery path. The ‘Turnover’ figure was N19.937 billion, as against previous comparable period’s figure of N19.215 billion.

In a similar vein, NAMPAK Nigeria Plc, also presented its profit and loss account information, for the full financial period ended 30th September, 2008. The ‘Turnover’ figure was N2.976 billion, as against preceding year 2007’s comparable period’s posting of N2.849 billion. However, the company recorded a ‘Loss After Taxation’ of N231.0 million, as against preceding year’s comparable period’s 145.9 million (loss). The increasing loss position of the company is attributable to its ‘Extraordinary items’ loss of N231.0 million, as against a less preceding periods posting of N145.9 million.

It can be recalled that NAMPAK also was accused of accounts overstatement of her 30th September, 2007 financial report figures.

This entry was posted on Monday, January 12th, 2009 at 5:09 pm and is filed under StockMarketNigeria. You can follow any responses to this entry through the RSS 2.0 feed. Tags: Cadbury Nigeria, NAMPAK
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