Nigeria Cadbury's H1 pre-tax profit jumps 50.46 pct

LAGOS (Reuters) - Cadbury Nigeria said on Monday its pre-tax profit rose 50.46 percent to 1.61 billion naira in the first half of the year, from 1.07 billion naira in the same period last year, lifting its shares by almost 5 percent.

Gross earnings in the local unit of North America's largest packaged food company, Kraft Foods Inc, dropped to 16.09 billion naira from 16.12 billion in the same period of last year, Cadbury disclosed at the Nigerian Stock Exchange.

Its shares rose 4.99 percent to 1874 naira on the local bourse shortly after the announcement, just under the maximum 5 percent allowed in any trading day.

Source: http://news.yahoo.com/nigeria-cadburys-h1-pre-tax-profit-jumps-50-122122038--finance.html

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