US cereal maker General Mills has posted higher third-quarter earnings, boosted by lower costs, new products and easier comparisons with the year-ago period, when business was disrupted by the integration of frozen foods maker Pillsbury.
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The company posted net profit for the third quarter to 23 February of US$240m, compared to $82m in the year-ago period.
General Mills, which makes Wheaties cereal, Betty Crocker dinner mixes, and Progresso soups, acquired Pillsbury in October 2001, reported Reuters.
