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Cadbury profits rise after UK boost
SWEET-toothed consumers in the UK and a fall in advertising costs helped Dairy Milk owner Cadbury report a rise in half-year profits today.
Revenues rose 4 per cent on a constant currency basis after growth in the UK and emerging markets offset difficult trading conditions in Europe.
Margins were also higher due to ongoing cost cuts and the impact of the advertising recession on the company's marketing costs, which fell to 10.7 per cent as a percentage of sales - against 11.6 per cent a year earlier.
Cadbury reported underlying profits before tax of 262m for the six months to June, an increase of 11 per cent at constant currency rates on a year earlier.
Chief executive Todd Stitzer said: "We made good progress in the first half in challenging trading conditions."
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Weather for Yorkshire
Wednesday 23 May 2012
Today
Sunny
Temperature: 12 C to 25 C
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