NORTHFIELD (Dow Jones) – The U.S. food group Kraft has quadrupled in the fourth quarter its net profit almost. Between October and December were 711 million USD was earned when they were in the same quarter last year, only 180 million USD, Kraft Foods Inc said on Tuesday. (Photo: obs / power)
Operating profit rose to 1.31 billion USD from 330 million USD. This was mainly due to the implemented savings measures, it was said by the food group from Northfield in the U.S. state of Illinois.
Net sales in the fourth quarter rose by 3.2% to 11.0 bln usd, but this was mainly due to strength, according to currency effects. Adjusted net revenue was higher by 0.4%. In the core of the food group for the following years expected to remain strong performance. In the near future force would increase its organic net sales by 4% or more.
DJG / has / jhe / ssc / dok