Kraft Foods' MEA revenue growth reaches 13.2 per cent
Source: www.khaleejtimes.com
DUBAI - Kraft Foods' Middle East and Africa operations delivered double digit organic net revenue growth at 13.2 per cent, resulting in a combined organic net revenue growth of 17.1 per cent for developing markets, said a Press release.
Primary drivers for the region's overall positive outlook included successful brand and marketing investments, as well as favourable product mix and pricing that more than offset higher input costs.
Kraft Foods Inc. reported 2008 results, with global net revenue for the same period increasing by 21.4 per cent to $11.2 billion and operating income jumping by 27.1 per cent to $1.5 billion.
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