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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)

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