News article

Cadbury sees first-half profits rise

Cadbury sees first-half profits rise
//
Cadbury saw profits increase by 24 per cent during the opening six months of 2009.

Underlying profit before tax climbed to £262 million on a reported currency basis over in the first half of the year, news that may interest those trading on the stock market.

The firm, which produces Dairy Milk chocolate, chewing gum and cough drops, saw revenue rise 13 per cent to £2.8 billion, while chocolate sales climbed by ten per cent and performance of its gum and candy products improved in the second quarter.

Todd Stitzer, chief executive officer of Cadbury, said that the company is reaffirming its full-year guidance, expecting revenue to grow by between four per cent and six per cent over the 12 months.

He noted that the business made "good progress" in "challenging trading conditions", adding that it has boosted its trading margin and continued investing in marketing and new product development.

Cadbury shares were up 2.5p to 567p at 10:48 BST.ADNFCR-1681-ID-19286656-ADNFCR