October 26, 2016 / 12:27 PM / a year ago

Oreo maker Mondelez's revenue drops on Venezuela deconsolidation

Oct 26 (Reuters) - Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, reported a 6.6 percent drop in quarterly revenue, largely due to deconsolidation of its Venezuelan operations.

Net income attributable to Mondelez fell to $548 million, or 35 cents per share, in the third quarter ended Sept. 30, from $7.27 billion, or $4.46 per share, a year earlier.

The year-ago quarter included a $6.8 billion pretax gain from the spinoff of the company's coffee operations into a joint venture with Dutch group D.E. Master Blenders. (reut.rs/2ez8Mld)

Net revenue fell for the 12th straight quarter to $6.4 billion from $6.85 billion a year earlier.

Reporting by Gayathree Ganesan in Bengaluru; Editing by Sriraj Kalluvila

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