Mondelez has reported a loss of 29 percent with local sales dropping from $297 million in 2017 to $212 million in the year to the end of December. Mondelez has stated that the decline was due to a number of factors which included the closure of the Cadbury factory in Dunedin. Cadbury has seen a lot of heat from its customers recently after it changed its Roses chocolates and marshmallow Easter eggs as well as downsized its block size by 10 percent.
MONDELEZ SALES DOWN 29 PERCENT
