Mondelez extracted $130 mln in dividends before quitting Dunedin

Thu, 04 May 2017

By Paul McBeth May 4 (BusinessDesk) - Mondelez New Zealand Investments pulled out $130 million of dividends from its New Zealand business, more than twice the profits its generated is six years of ownership, before going ahead with shutting down the Cadbury factory in Dunedin. The local unit of the US food group shipped $25 million to its parent in calendar 2016, when it reported a profit of $7.6 million, down from $9.2 million a year earlier, financial statements lodged with the Companies Office show. The New Zealand entity increased re...

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