Kraft, the maker of Oreo cookies, became the world's biggest confectioner with Chief Executive Officer Irene Rosenfeld's purchase of Cadbury, thereby clinching leading position in emerging markets.

The fourth- quarter profit of Kraft Foods Inc. more than tripled as business improved in developing markets on price hikes, also increasing sales outside the U. S.

Net income rose to $710 million from $178 million and total revenue climbed 3.2%to $11 billion.

Earnings of 44 cents a share were projected when costs to cut jobs and eliminate product lines lowered profit.

Sales for Kraft Foods Europe climbed 8%while developing markets experienced 11% growth.

Kraft Foods, whose brands include Maxwell House and its namesake, expects long-term earnings growth at the high-end of its previous guidance.