Kraft profits rise on sales outside US

Northfield, Illinois: Kraft Foods Inc, whose bid for Cadbury Plc was accepted last month, said fourth-quarter profit increased as sales outside the US grew.

The shares fell after organic sales climbed less than some analysts anticipated.

Sales for Kraft Foods Europe climbed 8%, and grew 11% in developing markets. Total revenue climbed 3.2% to $11 billion, in line with analysts’ estimates. Organic revenue, which excludes acquisitions, divestitures and foreign currency fluctuations, increased 0.4%, less than some analysts’ estimates.