Cadbury reports increased sales and profits |
|
|
Published
:
Tue, 21 Feb 2006 18:05
|
LONDON - Cadbury Schweppes PLC has reported a 13 percent increase in underlying profits despite the dent made on the input costs by the surging oil prices throughout last year. The world's biggest confectioner expressed confidence of being able to meet the expectations for this year as well.
Cadbury, which is famous for its Dr Pepper soft drinks, Dairy Milk chocolate and Halls cough sweets reported that the profit before tax and exceptional items stood at £873 million in the year ending January 1.
This is an increase of 13 percent over what was reported last year. Overall sales increased by 7 percent to £6.51 billion, the company said. The company, which controls 9.9 percent of the global confectionery market, said that the growth in the UK was mainly driven by the 49 percent jump in sales of the Green & Black chocolate range.
Cadbury had brought the latter only in May last year. The company's Chief Executive Officer Todd Stitzer said that his "Fuel for Growth" program was paying rich dividends for the company. "There is plenty of gas left in the Cadbury Schweppes tank. We expect another good year of revenue growth ... although we are cycling strong comparatives," he told reporters.
"2005 was an excellent year with innovation driving success in both our confectionery and beverage businesses. Revenue growth at 6 pct is the best the group has seen in over a decade and shows that our strategy is delivering exciting products for consumers and strong results for our shareowners."
Cadbury has proposed a final dividend of 9 pence taking the full year dividend to 13 pence, which is an increase of 4 percent over the last year. Cadbury Schweppes stock was trading at 570 pence early today.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
1449.80 |
+51.73 (
3.63 %)
|
| SYMBOL (
2008-12-02 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
1347.00 |
+51.00 (
4.02 %)
|
| SYMBOL (
2008-12-02 )
|
| LAST |
CHANGE
|
|
IBM
(
4:01pm ) |
|
79.84 |
+2.94 (
3.78 %)
|
| SYMBOL (
2008-12-02 )
|
| LAST |
CHANGE
|
|
GOOGLE
(
4:00pm ) |
|
275.11 |
+9.12 (
3.37 %)
|
|
|
Print this Story
Bids for lottery licences announced 