« Retailers call for trade credit insurance top-up to be extended | Home | Fake ID card warning issued to retailers »
Nestle predicts higher growth for 2010
Nestle has reported a net profit of 10.4bn Swiss francs ($9.5bn; £6.2bn) for 2009 and said it expected to achieve higher growth this year.
The profit fell below the 18bn francs the Swiss giant made in 2008, which included profits from the sale of part of its stake in eye care company Alcon.
Sales rose by 4.1% to 107.6bn francs. Nestle said it had grown “substantially faster” than its industry as a whole.
Nestle’s brands include Nescafe, Kit Kat, Perrier and Haagen Dazs.
The company said its performance was “broad-based across all categories and regions”.
Bottled water was the only sector which saw a drop in sales - falling 1.4% on the previous year.
Topics: Uncategorized |
Comments
You must be logged in to post a comment.