Net profit Nestle in the first half of 2014 has decreased by 9.5% in annual expression and has made $5,15 billion, a report from the company.
Revenue Nestle has decreased for the first half of 2014 in annual terms by 4.8% to $47,75 billion
Net profit Nestle in Russia fell in 2013 12 times
However, the company's revenue, net of changes in foreign exchange rates, acquisitions and various charges, increased by 4.7%, which is even higher than analyst expectations (of 4.5%).
In addition, Nestle announced a share repurchase in the amount of $8.8 billion, the Company will repurchase shares for the first time in three years.
The report also notes that the company's sales in Russia showed good growth, especially in the categories of ice cream, coffee Nescafe Dolce Gusto and KitKat chocolate bars. Indicators in Russia became a driver of growth in total sales of Nestle in Eastern Europe. Ukraine has also demonstrated sales growth in spite of crisis situation in the country.
Translated by service "Yandeks.perevod"
