date:May 04, 2014
Kraft Foods has reported a 12.5% rise in Q1 2014 net earnings to $513m, compared to $456m in the same quarter a year ago.
Net revenues also increased by 3.3% to $4.36bn from $4.51bn in the first quarter to fiscal 2013.
In Canada, the company reported net revenues of $427m, down from last year primarily due to a combination of an unfavorable currency impact, comparisons with Easter-related shipments in the prior year and retail customer inventory reductions versus year-end levels.
The company'