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Profit falls for Cadbury


July 31, 2008
By Cam Wood

July 31, 2008, London, U.K. – Cadbury PLC, the world's biggest maker of
candy and other confections, reported a 38 per cent fall in first-half
earnings Wednesday following the spinoff of its North American soft
drinks business.

July 31, 2008, London, U.K. – Cadbury PLC, the world's biggest maker of candy and other confections, reported a 38 per cent fall in first-half earnings Wednesday following the spinoff of its North American soft drinks business.

Net profit at the company that makes Dairy Milk chocolate and Trident gum fell to US$224.8 million from $368 million in the same period of 2007, the company said in a statement.

But the company said the results showed a strong performance since Cadbury spun off its U.S soft drinks division Dr. Pepper Snapple Group Inc. – with brands including Dr Pepper as well as 7-Up and Snapple – in May.

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The company said gum and candy sales were particularly strong in the U.S., where sales rose by almost 20 per cent, driven by the success of the Trident and Stride gum brands. It said growth continued to be strong in both South Africa and Nigeria.

Total sales rose to 2.65 billion pounds ($5.27 billion) in the six months ended June 30, up from 2.32 billion pounds in the same period last year.


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