Nestle’s net profit and sales rise during first-half

Nestle goes full speed in 2010

Vevey, Switzerland (GenevaLunch) – Net profit at multinational Nestle saw a 7.5% increase and a sales increase of 6.1% during the first half of 2010.

The Vevey-based company – the world’s biggest food and beverage group, is set to eclipse rivals Unilever and Kraft.

Organic growth for all Food and Beverages operations was 5.3% in the Americas, 3.6% in Europe and 10.4% in Asia, Oceania and Africa.

The Group’s emerging markets continued to achieve over 10% organic growth.

Full report: Nestle.