January 31, 2018 / 9:15 PM / 24 days ago

Mondelez quarterly revenue rises 3 percent

Jan 31 (Reuters) - Mondelez International Inc, the world’s second-largest confectionary company, on Wednesday reported a 3 percent rise in quarterly revenue, fueled by strong demand for its key brands like Cadbury Dairy Milk and Oreo cookies.

Net income attributable to the company rose to $802 million, or 53 cents per share in the fourth quarter ended Dec. 31, from $93 million, or 6 cents per share, a year earlier.

U.S. tax reform resulted in a net tax benefit of $59 million.

The East Hanover, New Jersey- based company said its net revenue rose to $6.97 billion.

Reporting by Vibhuti Sarma; Editing by Bernard Orr

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