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Kraft Foods net revenues rise 11.5% to $13.2bn

Kraft Foods Inc., with four production plants in Egypt, has reported third quarter results driven by strong organic revenue growth.
Kraft Foods Egypt | 04.12.2011
Kraft Foods Inc., with four production plants in Egypt, has reported third quarter results driven by strong organic revenue growth and operating income gains in each geographic region.

Net revenues for the third quarter were $13.2 billion, up 11.5 percent.

Organic net revenues grew 8.4 percent, driven by strong growth in all geographies.

“Our investments in marketing and new products continue to drive high quality growth and solid market shares. And we’ve accomplished this despite having taken significant price increases to offset record-high input costs,” said Irene Rosenfeld, chairman and CEO.

“Together with substantial savings opportunities, we expect to deliver top-tier results in 2011.”

Gawad Abaza, managing director Kraft Foods Mashreq, said: “Kraft Foods has gone through some very dynamic and exciting changes in recent years, and the results are very positive, not only for us but also for the other developing regions.”

In Egypt, Kraft Foods Egypt focuses on five categories and nine brands — Cadbury Dairy Milk, Flake, Moro, SMS, Tang, Tuc, Trident, Clorets and Halls, three of which — CDM, Tang and Trident — generate globally $1 billion annually, reflecting the continued benefits of focusing on Power Brands, core categories and key markets.