Cadbury Nigeria 9-month pretax profit falls 57 pct

 

Cadbury Nigeria said on Friday its nine-month pretax profit was 2.39 billion naira ($14.54 million), down 57 percent from the same period a year ago, sending its shares tumbling.

The local unit of Mondelez International Inc, said in a filing with the Nigerian Stock Exchange that turnover declined to 23.31 billion naira in the nine months to Sept. 30, compared with 26.54 billion naira in the same period a year ago,

Shares in Cadbury, down 42.8 percent so far this year, were down 4.78 percent at 49.90 naira at 0952 GMT.