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10/29/2019, 9:11 PM (Source: TeleTrader)
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Mondelez boosts earnings 21% to $0.98 per share

Mondelez International Inc. said on Tuesday that its turnover came in at $6.36 billion for the third quarter, a rise of 1.1% year over year, translating to a 19.2% surge in profit to $1.42 billion. In terms of net income per share, it grew 21% to $0.98 on a diluted basis.

Our strategy to accelerate growth by focusing on the consumer, driving operational excellence and unlocking the potential of our local business units is delivering good results from both local and global brands," said Dirk Van de Put, chairman and chief executive.

The company highlighted the rise in organic net revenue of 4.2% against the unfavorable movement in the exchange rate. The gross profit margin advanced 1.2 percentage points from the same period of 2018, to 39.6%. The full-year outlook was raised.

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