Food and drink giant Nestle posts 11% sales increaseOctober 18, 2012 - 10:25 AMT PanARMENIAN.Net - Food and drink giant Nestle SA has posted an 11 percent increase in sales of dozens of its household name brand products for the first nine months of 2012, The Associated Press reports. The Vevey, Switzerland-based company says it had sales of 67.6 billion Swiss francs through September, up from 60.9 billion during the same period in 2011. The maker of Nescafe, Jenny Craig and Haagen-Dazs said in a statement issued before the opening of the Zurich exchange Thursday, Oct 18, that it expects organic sales growth of 6.1 percent this year and 2.9 percent real internal growth, despite its conclusion "the tough trading environment, especially in developed markets, is continuing." Nestle Chief Executive Paul Bulcke says the growth outlook was helped by success in emerging markets and some "easing" of costs for its raw materials. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |