Kraft Foods Group has recently reported on its financial performance in Q4 2012. According to the report, the company’s adjusted income declined by 49% (which is nearly the half of the adjusted income gained during the previous reporting period) down to $ 260 million. He report also reads that the company’s adjusted income in Q4 2011 was roughly equal to $508 million.
As for the net profit, it saw a major decline (3.6 times) down to $89 million or 15 cents per share. Analysts had anticipated 23 cents per share.
The company’s proceeds declined by 11% down to $4.49bn during the reporting period.
Kraft Foods Group is reported to have seen restructuring in 2012. As a result, its North-American branch was turned into a separate company.
The chart below, courtesy of , reflects the current state of affairs in the market of MDLZ:
