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Nestle posts strong first-half profits

 

Swiss food and drinks giant Nestle SA has posted an 8.9 per cent rise in profits and a 7.5 per cent increase in sales in the first half compared with a year ago.

However, the company predicts the remainder of 2012 will be challenging.

The world's biggest food and beverage maker, with brands such as Nescafe, Haagen Dazs and Jenny Craig, posted a net profit of 5.120 billion Swiss francs ($A5 billion) from January to June, up from 4.7 billion francs in the comparable 2011 period.

The Vevey, Switzerland-based company said on Thursday first-half sales were 44.1 billion Swiss francs, up from 41 billion francs a year ago.

Chief Executive Paul Bulcke said the first half showed the company was "making the right choices at the right time".