Kraft Foods quadrupled

Kraft Foods increased its after-tax profit nearly fourfold in the last quarter of 2009, particularly by the impact of price increases in the emerging countries.

The profit after tax was 710 million USD, 48 cents per share in the last three month until December, compared to the 178 million USD and 12 cents per share of a year earlier.
Kraft's sales increased by 3 percent to 11.0 billion USD in the last quarter of last year, some of the experts expected 11.07 billion USD – reports ProfitLine.hu.