US private-label food group Ralcorp Holdings has seen its quarterly earnings almost double thanks to strong profits from its cereals division in the wake of its Post Foods acquisition.
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The company said yesterday (10 November) that net earnings for the three months to 30 September reached US$79.9m – up sharply from $41.1m a year earlier. Fourth-quarter net sales stood at $983.2m, compared to $873.5m a year ago.
The figures meant a buoyant end to the year for Ralcorp, which booked annual net earnings of $290.4m – a leap of 73% – and a 37.8% jump in net sales to $3.89bn.
