Dubai: Kraft Foods Inc. reported strong second quarter 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. Continuing in previous trends, 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.
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.