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Article: kraft foods reports operating income increase of 7.6% from the previous year
- Article from:
- Al Bawaba
- Article date:
- August 20, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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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 includes Middle East and Africa,
Central and ...
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