Nestle
increases first-half profits
Nestle
SA, the world's biggest food and drink company, has reported an 11 per cent
rise in first-half net profit thanks to cost cutting and internal growth
despite higher raw material prices. The
company, which has brands such as Nescafe, Perrier and Dreyer's, said net
profit increased to 4.15 billion Swiss francs ($A4.44 billion) from 3.73
billion francs in 2005, exceeding analyst expectations of about 4.09 billion
francs. Nestle,
which does not report quarterly earnings figures, said slow demand in Europe
was widely offset by a strong performance in emerging markets and the
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