USA: Kraft - still boosting Philip Morris' bottom line - COMMENT (Members)
Kraft and Philip Morris have both seen a rise in Q3 net income. Kraft is thriving as a public company, with Q3 revenues up 29.6% and a rising share price. Meanwhile, despite majority shareholder Phillip Morris also posting positive results (partly driven by Kraft's performance), its share price is suffering. In particular, the company needs to address concerns over its troubled beer subsidiary Miller.
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