BREAKING NEWS

BREAKING NEWS

Mondelez quarterly sales slip 2.8 percent

Mondelez quarterly sales slip 2.8 percent
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Arnd Wiegmann(Reuters)
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(Reuters) - Oreo cookies maker Mondelez on Wednesday reported a 2.8 percent fall in quarterly revenue due to weakness at its international business that covers Europe and Latin America.

Net revenue fell to $6.77 billion (£5.18 billion) in the fourth quarter ended Dec. 31, Mondelez said.

Net earnings attributable to the company rose to $823 million or 56 cents per share, from $695 million or 46 cents per share a year earlier.

(Reporting by Nivedita Balu in Bengaluru; Editing by Sai Sachin Ravikumar)

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