Advertisement

IN BRIEF

General Mills Profit Surges in Quarter

March 20, 2003|From Bloomberg News

General Mills Inc. said third-quarter profit almost tripled, helped by the 2001 acquisition of Pillsbury.

Net income climbed to $240 million, or 63 cents a share, from $82 million, or 22 cents, a year earlier. Revenue rose 11% to $2.65 billion.

Shares of the Minneapolis-based company rose 5 cents to $44.93 on the NYSE.

Advertisement
Los Angeles Times Articles
|
|
|