Cadbury bill eats into Kraft profit

Costs stemming from the acquisition of UK chocolate business Cadbury left foods giant Kraft with a 24% drop in fourth quarter profits today.

The cost of ingredients such as corn, sugar and cocoa also bit into results as the maker of Oreo cookies, Capri-Sun and Maxwell House coffee saw net income fall to $540m (€398.5m) in the final three months of 2010.