General Mills profit rises

Markets Reuters

General Mills Inc reported higher quarterly earnings on Wednesday as a newly acquired business boosted sales.

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Net earnings were $541.6 million, or 82 cents per share, in the second quarter ended Nov. 25, compared with $444.8 million, or 67 cents per share, a year earlier.

Sales rose to $4.88 billion from $4.62 billion a year earlier, helped by the Yoki Alimentos business in Brazil.