Nestle reports net profit of CHF 5.1 billion
The Swiss food giant did better than expected in the first half of 2009.
Vevey -- Nestle on Wednesday reported a net profit of CHF 5.1 billion (EUR 3.3 billion) for the first semester, a slight drop of 1.9 percent, but the Swiss food giant did better than expected by analysts.
Analysts questioned by the financial agency AWP had predicted a net profit of only CHF 4.8 billion for the period.
The food giant reported a 1.4 percent drop in operating profits to CHF 7.4 billion and sales 3.5 percent up at CHF 52.3 billion between January and June.
AFP / Expatica