Net income of Kraft Foods decreased by 24.5% during 9 months of 2011
2011-11-04 16:30:35
Net income of Kraft Foods, second largest food manufacturer (after Nestle) decreased by 24.5% during 9 months of 2011 to USD 2.697 BN compared to the same period of 2010. Revenues for 9 months of 2011 rose 12% and totaled USD 39.667 BN in comparison with USD 35.434 BN for 2010. Operational income was measured at the level of USD 5.150 BN, 16.4% higher than during 2010. Net income available for distribution to shareholders, in the 3rd quarter of 2011 increased by 22.3% - up to USD 922 M compared with USD 754 M in the same period of 2010. Revenue for the quarter amounted to USD 13.226 BN, up 11.5% from a year earlier, when it amounted to USD 12.863 BN billion. Operating profit for the June-September 2011 amounted to USD 1.698 BN - 11.8% higher than in the 3rd quarter of 2010.