BforexIphone9

Categorized | World Finances

Nestle report better than expected

NestleThe Swiss company Nestle lay a better than expected preliminary report, giving an argument of analysts who firmly pledged the company as a preferred investment in Europe. Revenues from sales of main products of the company rose by 4.1 percent in 2009, indicating stability amid the crisis. This is to bring Nestle revenue of 108 billion Swiss francs (99.91 billion dollars). Preliminary expectations of analysts was for sales growth of 3,9 percent to 105.9 billion francs, transmit CNBC. “The progress over the last year growth of 4,1 per cent against the backdrop of a complex environment shows that we are able to note an increase greater than that of the sector as a whole,” stated the CEO of Nestle Paul Balk. Operating profit of Nestle for the year 2009 amounted to 15.7 billion francs.
The net profit was up even of 10,4 billion Swiss francs, down from nearly 50 per cent compared to a profit of 18 billion francs a year earlier.

In the results for 2008, however, went 9.2 billion francs from the sale of 25% of the share capital of Alcon to Novartis.

Leave a Reply

24option ebook9

 

February 2010
M T W T F S S
« Jan   Mar »
1234567
891011121314
15161718192021
22232425262728