Mondelez International beat Wall Street’s profit and revenue estimates in the third quarter as demand for its key brands such as Oreo cookies and Trident gum rose in Europe and Latin America and the company cut costs.
Shares of the world’s second largest confectionary company rose 4.9 per cent to US$41.20 (NZ$60) in after-market trading on Monday.
Mondelez is closing its Dunedin Cadbury factory next year with the loss of 350 jobs.
Mondelez’s organic revenue, a measure that excludes currency fluctuations, grew 3.2 per cent in Europe and 5.4 per cent in Latin America in the quarter that marks the end of Irene Rosenfeld’s tenure as its chief executive officer.
from Ellie NZ Rss http://www.stuff.co.nz/business/industries/98407083/Cadbury-owner-Mondelezs-results-beat-expectations-as-it-continues-to-cut-costs
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https://ellieplume83.wordpress.com/2017/10/31/cadbury-owner-mondelezs-results-beat-expectations-as-it-continues-to-cut-costs/
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