Nestle first half profit falls slightly

AFP, ZURICH: Swiss food giant Nestle yesterday announced slightly lower first half profits compared to last year, with the strong Swiss franc and Maggi instant noodles recall in India undercutting better-than-expected sales.
The maker of Nespresso and KitKat reported profits of 4.1 billion Swiss francs (4.1 billion euros, $4.5 billion) for the first six months of the year, 2.5 per cent lower than during the same period in 2014. “The first half results were in line with our expectations, broad-based across categories and geographies, solid even in difficult circumstances,” Nestle’s CEO Paul Bulcke said in a statement.
He sought to highlight the company’s burgeoning health and wellness strategy, in which Nestle has been heavily investing over the last several years.

Nestle first half profit falls slightly

AFP, ZURICH: Swiss food giant Nestle yesterday announced slightly lower first half profits compared to last year, with the strong Swiss franc and Maggi instant noodles recall in India undercutting better-than-expected sales. The maker of Nespresso and KitKat reported profits of 4.1 billion Swiss francs (4.1 billion euros, $4.5 billion) for the first six months of the year, 2.5 per cent lower than during the same period in 2014. The first half results were in line with our expectations, broad-based across categories and geographies, solid even in difficult circumstances, Nestles CEO Paul Bulcke said in a statement. He sought to highlight the companys burgeoning health and wellness strategy, in which Nestle has been heavily investing over the last several years.