Cad­bury Nigeria says Q1 profit falls 31%

Daily Trust - - REUTERS -

Cad­bury Nigeria said on Mon­day its first-quar­ter pre­tax profit fell to 1.15 bil­lion naira ($7.2 mil­lion), down 31 per­cent from 1.67 bil­lion naira in the same pe­riod of last year.

The choco­late maker said turnover fell to 6.92 bil­lion naira dur­ing the three month pe­riod, against 8.36 bil­lion naira in the same quar­ter a year ago.

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