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Profits jump: Kellogg Co. said Friday that higher cereal sales and an accounting change helped increase 1993 profits 58 percent and fourth-quarter earnings 17 percent. Year-end profits of $680.7 million, or $2.94 a share, were up from $431.2 million, or $1.81 a share, in 1992. However, officials at the Battle Creek, Mich.-based company noted that year-earlier results included a $251.6 million accounting charge taken to pay for retiree health benefits. Without one-time charges, 1993 earnings would have risen 3 percent.
