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General Mills profit rises, helped by acquisitions
March 20, 2013 / 11:07 AM / 5 years ago

General Mills profit rises, helped by acquisitions

March 20 (Reuters) - General Mills Inc reported a higher quarterly profit on Wednesday, helped by the recent acquisitions of Yoki Alimentos in Brazil and Yoplait Canada.

The maker of Cheerios cereal and Progresso soups said net income was $398.4 million, or 60 cents per share, in the third quarter ended on Feb. 24, compared with $391.5 million, or 58 cents per share, a year earlier.

Excluding one-time items, earnings were 64 cents per share.

Net sales rose 7.5 percent to $4.43 billion.

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