Nestle posts $10billion profit in 2009

Swiss food giant Nestlé has posted a profit of 10.43 Billion Swiss Francs (almost $10bn) for Fiscal Year 2009 and will raise its dividend by 14.3% to 1.60 francs.

The results are ahead of expectations and analysts are now predicting growth for 2010 citing positive signals from the company stating that the growth was “broad-based across all categories and regions”.  Bottled water was the only category that struggled, falling 1.4% on prior years.

Nestlé brands include well known global and regional brands such as Aero, Purina, Nescafe, Kit Kat, Perrier, Haagen Dazs, Poland Spring, Vittel, Dreyers, Buitoni and Hot Pockets

Read more about the company at their corporate website

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