Nestle H1 Profit Down, Sales Rise; Confirms FY16 Outlook - Quick Facts

(RTTNews) - Swiss foods giant Nestle SA (NSRGY, NSTR.L) reported Thursday that its first-half net profit attributable to shareholders declined to 4.1 billion Swiss francs from last year's 4.52 billion francs. The reduction was due to a one-off, non-cash adjustment to deferred taxes.

Earnings per share dropped 7.2 percent to 1.33 francs. Underlying earnings per share went up 5.7% in constant currencies.

Sales of 43.16 billion francs increased from 42.84 billion francs a year ago. The company recorded 3.5% organic growth and 2.8% real internal growth.

Further, the company continues to expect full-year organic growth in line with 2015, with improvements in margins and underlying earnings per share in constant currencies, and capital efficiency.