Nestlé posts slowest first-half sales since 2009
Nestlé, world’s biggest food company, on Thursday reported the slowest first-half sales growth since 2009 at 43.2 billion Swiss Francs ($43.95 billion), with revenue rising 3.5% on an organic basis, in its half-yearly 2016 report. Further, net profit declined 9% year-on-year to 4.1 billion Swiss Francs ($4.27 billion). Analysts attributed reduction to prices falling to "historically low levels".