USA: Comment: Kraft: Still boosting Philip Morris' bottom line

By Datamonitor | 19 October 2001

Kraft and Philip Morris have both seen a rise in Q3 net income. Kraft is thriving as a public company, with Q3 revenues up 29.6% and a rising share price. Meanwhile, despite Phillip Morris, majority shareholder also posting positive results (partly driven by Kraft's performance), its share price is suffering. In particular, the company needs to address concerns over its troubled beer subsidiary Miller.

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Kraft and Philip Morris have both seen a rise in Q3 net income. Kraft is thriving as a public company, with Q3 revenues up 29.6% and a rising share price. Meanwhile, despite Phillip Morris, majority shareholder also posting positive results (partly driven by Kraft's performance), its share price is suffering. In particular, the company needs to address concerns over its troubled beer subsidiary Miller.

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