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Kellogg posts $293m net loss - Special K and Kashi drag down business

2015-02-13 20:40:08| Agriculture - Topix.net

Kellogg's 136% profit plunge for the fourth quarter is disappointing and can mainly be attributed to continued poor performances in Special K and Kashi, its CEO says. Net income for the fourth quarter plummeted $1.1bn to losses of $293m, down from net profits of $819m for the previous year - a drop of 136%.

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