Kraft profit rises in first quarter

Posted May 6, 2010 at 4:26 p.m.

Associated Press | Kraft Foods Inc.’s profit rose sharply in the first quarter as it began to integrate British candy maker Cadbury into its business. Kraft, which is the nation’s largest U.S. food maker, reported late Thursday that it earned $1.88 billion, or $1.16 per share, for the quarter that ended March 31. That’s up from $660 million, or 45 cents per share, in the same quarter last year.

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