Kraft Foods does big business in the Middle East and Africa
Middle East and Africa markets contribute in Kraft’s 21% global revenue growth |
Staff Report |
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. |
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