Heinz Profit Rises 92% on New Products
From Bloomberg News
H.J. Heinz Co. said fourth-quarter earnings rose 92%, helped by the weaker dollar and new products including Ore-Ida Extra Crispy French fries and low-carbohydrate ketchup.
Net income climbed to $196.5 million, or 55 cents a share, from $102.6 million, or 29 cents, a year earlier, when there were costs to sell businesses, the Pittsburgh-based company said. Sales rose 6.3% to $2.33 billion.
Heinz shares rose 54 cents to $37.60 on the NYSE.
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