Cadbury Reports 78% Drop in First Half Net Profit and Set to Layoff 7500

The UK confectionery company Cadbury reported a massive 78% fall in their first half net profit.

Cadbury said it was unlikely that they would see any increase in margins this year.

Cadbury is famous for making chocolate bars amongst other items, and they said the their net profit for the first half of the year was $369.7 million or £182 million which is down considerably from £819 million last year.

However, the Net Profit figures last year included cash generated by the sale of Cadbury’s European beverage division.

Also in the release was a 15% job reduction roughly about 7,500 layoffs.

What do you think of Cadbury’s 78% Drop in First Half Net Profit?

And what about the 7,500 lost jobs?

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