Summary
The H.J. Heinz Co. on Thursday reported record sales for the year ended April 28, and, while profit declined, the company boosted its annual dividend by more than 7 percent.
The maker of Heinz ketchup, Ore-Ida potatoes and Classico pasta sauce reported net income of $864.9 million, or $2.71 per share, down from $923.1 million, or $2.89 per share, in the previous year. The lower figure was caused by a 29 cents-per-share reduction caused by currency fluctuations and losses from the sale of small, discontinued operations, said Chief Financial Officer Art Winkleblack.See the full content of this document
Extract
Heinz 'Growth Engine' Outside U.S.
Sales jumped to $10.5 billion from slightly more than $10 billion in the year ended April 29, 2009.
Fourth quarter results were strong, with net income jumping 9.8 percent to $192.4 million, or 60 cents a share, from $175.1 million, or 55 cent...See the full content of this document
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