Swiss food multinational Nestle on Wednesday reported a first-half net profit of 4.92 billion Swiss francs (about 4.05 billion U.S. dollars), up 18.4 percent on comparable figures from last year.
The company, which is based at Vevey on Lake Geneva, said its sales were up by 8.4 percent to 51.1 billion Swiss francs. It added that it was likely to beat its own forecasts for the full year.
"These results are due to the strong performance of the food and beverages business and Nestle's ongoing transformation into the world's leading nutrition, health and wellness company," Nestle CEO and chairman Peter Brabeck said in a statement.
"In spite of increasing input cost pressures, I am confident of Nestle achieving above-target organic growth for 2007, as well as a sustainable margin improvement," Brabeck said.
Source: Xinhua
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