Hershey reports 10% decline in Q3 net income
date:Oct 30, 2012
US chocolate manufacturer Hershey has reported that its net income decreased 10.1% to $176.7m for the third quarter ended 30 September 2012, compared to $196.7m in 2011, due to acquisition and realignment efforts.

The quarter included charges of $68.4m, which were related to the acquisition of Canadian company Brookside Foods as well as the company's realignment efforts, compared to $21.4m in 2011.

Excluding these charges, adjusted net income was $199.45m, compared to $193.95m in the previous
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