7 Aug 2010

Cadbury boosts Kraft result

2:56 pm on 7 August 2010

Kraft has reported higher-than-expected first-quarter profits, helped partly by its purchase of the British confectionery maker Cadbury.

The US food company says its net profit was $US937 million, up from $US827 million in the same period a year earlier.

Net revenue rose by more than 25% to $US12.3 billion, boosted by the acquisition of Cadbury at the beginning of the year.