Nestle SA reports good earnings

Nestle SA profit rose by 7.5% for the first half

In brief: Nestle SA continues to set records. Company profits are growing against the recovery of sales.

Nestle SA, the largest food company in the world, reported a more rapid growth in sales in the first half than expected. Their volume for January-June increased by 6,1%, while analysts predicted an increase of 6%.

The company expects to increase sales for the full year by 5%. Net profit of Swiss manufacturer of food products for the first half increased by 7,5% and amounted to 5,45 billion Swiss francs (3.93 billion euros). Nestle takes about 1,5% of world market of food and beverages, is the largest producer in these categories. Currently, it owns over 480 factories and industrial enterprises in 86 countries. Major brands of the company – Nesquik, Nescafe, Extreme, Maxibon, Maggi, KitKat, Perrier, Sanpellegrino, Vittel.

Igor Tringlers
2010-08-11 09:34, Economics.

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