date:Sep 21, 2012
US-based food company General Mills has reported that its profit for the first quarter ended 26 August 2012 soared 35.3% to $548.9m, up from $405.6m in 2011, helped by acquisitions and improving market conditions.
Net sales increased 5% to $4.05bn, compared to $3.84bn the previous year.
The results during the quarter were driven by the acquisition of yogurt brand Yoplait International in July 2011, and the acquisition of three businesses - Food Should Taste Good, Yoplait Ireland and Parampara