Heinz reports 22% rise in Q2 net income
date:Nov 23, 2012
g income decreased 2.8% to $140m, due to the impact of foreign currency and increased investment in marketing.

Sales in the Asia Pacific region increased 2.3% to $606m, organic sales grew by 4.1%; and operating income soared 24.5% to $50m, driven by strong growth in both developed and emerging markets.

US foodservice - which offers products to restaurants and other businesses - saw a 4.1% rise in both organic and reported sales to $348m, while operating income jumped 26.8% to $44m, helped by h
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