Nestle SA ADR

NSRGY: OTCM (USA)
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Nestlé Earnings: Volume Growth Accelerates, Profitability Under Temporary Pressure

Nestlé’s organic sales growth accelerated to 3.7% in the second quarter, but higher restructuring costs and asset write-downs reduced first-half reported net profit by 31.4%. The company also announced a water joint venture with Platinum Equity. Shares were down 6% in early trading on July 23.

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