Login ID:
Partner Login
Contact Us : 7066511911

Nestle 1H Net Profit Jumps on Improved Operating Performance

26 Jul 2018 5:25 am
   By Anthony Shevlin 

Nestle SA (NESN.EB) said Tuesday that net profit in the first half rose on income from disposals, lower taxes and improved operating performance.

Net profit for the period was 5.8 billion Swiss francs ($5.84 billion), compared with CHF4.9 billion the previous year. Analysts expected net profit of CHF4.59 billion.

The Swiss food-and-beverage company said sales in the first half were CHF43.92 billion, up 2.8% on an organic basis. North American organic growth was 1.0%.

Real internal growth for the period was 2.5%, Nestle said.

Nestle backed its 2018 view and sees organic sales growth of between 2% and 4%, expecting restructuring costs of CHF700 million.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

(END) Dow Jones Newswires

July 26, 2018 01:25 ET (05:25 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Top 5 Special Reports
Higher Prices Deteriorate Palm Oil Demand In India; Edi...
USD/INR (Feb. 20) Neutral Stance: Prices Consolidati...
Chana Indore (Kabuli 42-44 Count Spot) - Bearish Price ...
Mumbai Lentil (Masoor) - Pullback Extends Further / Nex...
Kolkata Pea(Matar)-May Decline Further Towards Channel ...