 Frozen and microwave products boosted sales |
Second quarter profits at ketchup maker Heinz have been hit by higher material and transport costs. The US food giant said its frozen and microwavable potato products help boost sales in North America by 8.4%.
But Heinz said packaging, raw material and fuel prices will increase by more than $100m (�53.5m) this year.
Its net profits in the three months to 27 September rose 4% to $199m, from $191.5m a year earlier. Sales were $2.2bn compared to $2.09bn.
Heinz said revenue in Europe and the Asia Pacific region benefited from favourable exchange rates.
Chief executive William Johnson said the company hoped to increase sales in four emerging areas of the world economy - China, India, Russia, and Indonesia.
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