Friday, February 17, 2012

Nestle sales beat hopes but tough year expected (AP)

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Nestle CEO Paul Bulcke speaks during the 2011 full-year results press conference of the food and drinks giant Nestle in Vevey, Switzerland, Thursday, Feb. 16, 2012. The Switzerland-based company reported that its 2011 net profit swelled by 8.1 percent to 9.5 billion Swiss francs (US dollar 10.35 billion) if the disposal of eye care company Alcon is stripped out of the comparison. The sale last year had boosted Nestle's 2010 profit to 34.2 billion Swiss francs (US dollar 35.8 billion). (AP Photo/Keystone, Laurent Gillieron)AP - Nestle SA, the world's biggest food and drinks maker, managed to brush aside the impact of a soaring domestic currency to post a solid increase in profits in 2011 as sales rose strongly, particularly in developing countries.


Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20120216/ap_on_bi_ge/eu_switzerland_earns_nestle

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