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Article: kraft foods reports operating income increase of 7.6% from the previous year.
- Article from:
- Mena Report
- Article date:
- August 20, 2009
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Summary: Successful cost savings initiatives and strength in priority brands drive organic net revenue growth in Middle East &Africa
Kraft Foods Inc. (NYSE: KFT) reported last week strong second quarter 2009 results fueled by solid performance across all geographies. Organic net revenue growth reflected the impact of cost-driven pricing actions taken in 2008, positive volume/mix and the benefits of incremental investments in brand building. Income growth and margin expansion were driven by lower costs due to the completion of the 2004-2008 Restructuring Program, improved product mix and lower fixed manufacturing costs.
In developing markets, which ...
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Article: Kraft Foods FZE posts 10% growth in H1, 2009
Al Bawaba;
October 13, 2009 ;
533 words
...Kraft Foods Middle East and Africa, a Jafza-based market ... regional head quarters in Jafza, Kraft Foods MEA, the US food and beverage giant ... Vishal Tikku, Managing Director, Kraft Foods Middle East and Africa said: "The robust growth ...
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