Nes­tle net profit, sales down slightly in H1

The China Post - - WORLD BUSINESS -

Food and drinks gi­ant Nes­tle says sales and net profit de­clined slightly in the first half due to cur­rency fluc­tu­a­tions and a re­call of Maggi noo­dles in In­dia.

The Swiss com­pany be­hind Nescafe, Stouf­fer’s, Haa­gen Dazs and Per­rier said Thurs­day that sales drifted to 42.843 bil­lion Swiss francs (39.3 bil­lion eu­ros) from 42.981 bil­lion a year ear­lier. Net profit fell 2.5 per­cent to 4.517 bil­lion francs.

In a state­ment, CEO Paul Bul­cke called the first-half re­sults “solid even in dif­fi­cult cir­cum­stances” and said Nes­tle S.A. was con­firm­ing its out­look for growth in the full year.

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