Profitable Nestl confident about the rest of 2010

11th August 2010, Comments 0 comments

Nestl, Switzerlands largest public company, reports a better than expected net profit of 5.5 billion francs in the first half of 2010, up 7.5 percent from the same period a year earlier, and issues a confident outlook statement for the rest of the year. The company's shares rise on the news in early trading after it forecasts continued strong growth for the last six months, supported by buoyant emerging markets.

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