Nestle net profits plunge 39% in 2015
Vevey economy
Vevey - Arab Today
Swiss food giant Nestle said Thursday its net profits had plunged by a lower than expected 39 percent last year due to a strong Swiss franc.
Net profit stood at 9.1 billion Swiss francs, lower than the 9.8 billion Swiss francs (8.2 billion euros, $ 9.1 billion) forecast by analysts.
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