VEVEY, Switzerland–Shares in Nestlé SA dropped more than 4% on Thursday after the Swiss food giant reported its slowest sales increase in six years. The Swiss food giant said that its net profits plunged by 39 percent last year due in part to a strong Swiss franc.
Net income for 2015 stood at 9.1 billion francs ($9.18 billion), lower than the 9.8 billion francs forecast by analysts and down from 14.5 billion francs in 2014.
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