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.
Dear Reader, you are not required to purchase anything for certain limited use of Comunicaffe International. However, if you do not purchase a subscription, your access to our contents will be limited. For further information about our subscriptions please visit the subscription page.
If you are already subscribed please type here your credentials: