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Nestlé sales up ten per cent

Nestlé is upbeat about its prospects for 2002

(Keystone)

The world's largest food company, Nestlé, announced a 10.1 per cent jump in first-quarter sales to SFr21.3 billion, falling short of market expectations.

Most analysts expected the company to reach a real internal growth (RIG) - a measure that removes the effects of price changes, currency movements and acquisitions - of around four percent, rather than the actual 3.3 percent announced on Thursday.

swissinfo with agencies


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