INQUIRER.net: Nestle warns market will stay tough in 2013

INQUIRER.net Philippine News for Filipinos

Nestle warns market will stay tough in 2013 Feb 15th 2013, 00:54 VEVEY—Swiss-based food giant Nestle warned Thursday that business was likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets.   Nestle's net profit of 10.6 billion Swiss francs (8.8 billion euros, $11.5 billion), representing an increase of 11.5 percent on the 2011 performance, was slightly ahead of analysts' forecasts.   Sales at what is the world's top food industry player—known for products such as Nespresso coffee capsules and Maggi stock cubes—rose by 10.2 percent to hit 92.2 billion Swiss francs.   But in the Asia, Oceania and African regions, which have been Nestle's main growth drivers, sales... Keep on reading: Nestle warns market will stay tough in 2013 Media files: Nestle-Earnings.jpg (image/jpeg)

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