• Retribution will come

    Those who now pay the price for opposing a corrupt system shall rise again, says Solly Moeng.

  • Ego - the enemy within

    Successful people are humble in their aspirations and resilient in failure, says Ian Mann.

  • You can’t eat dust

    We should insist on products that save our soil and ensure food security, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Nestle earnings up 8.9%

Aug 09 2012 12:41
Sapa-AFP
Zurich - The world's biggest food company Nestle on Thursday posted an 8.9% increase in first-half net profit, driven by gains in emerging market countries.

Net profit for the January-June period was 5.1bn Swiss francs ($5.2 billion), the company said in a statement. The result was slightly higher than the 4.9bn francs profit forecast by analysts surveyed by Swiss agency AWP.

Operating profit rose 6.9% to 6.6bn Swiss francs while sales were up 7.5% at €44.1bn.

Nestle said sales increased 12.9% in emerging markets compared with 2.6% growth in developed countries.

"Our growth in the first half and our current operational margin ... allow us to reconfirm our forecast for the entire year," chairperson Paul Bulcke said in the statement.

Nestle expects full-year growth of between 5% to 6% but the food giant also warned that "the challenging business environment will continue in the second half, especially in the developed markets."

*Follow Fin24 on Twitter, Facebook and Google+.

 
nestlé  |  profits

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote

Loading...