Financial results: Nestl up, Xstrata down, Swisscom hurt by franc

GenevaLunch.com ZURICH, SWITZERLAND – Nestl confirmed Thursday 9 August it expects 5-6 percent organic growth for 2012, after posting half-year results that show 12.9 percent organic growth in emerging markets and 2.9 percent in developed markets. Total group sales increased 7.5 percent to CHF44.1 billion and net profit was CHF5.1 billion, up 8.9 percent from CHF […]