July 26, 2019 / 5:31 AM / a month ago

Nestle posts H1 organic growth of 3.6%

ZURICH, July 26 (Reuters) - Food giant Nestle said strong demand for its products in the United States and Brazil helped the KitKat chocolate bar maker accelerate sales growth during the first six months of 2019.

Organic sales, which strip out currency swings and acquisitions and disposals, matched analyst expectations for 3.6% growth, an improvement over 2.8% in the year-ago period.

Net profit at the world's largest packaged food company fell 14.6% to 5.0 billion Swiss francs ($5.05 billion), as the year-ago period benefited from a $2.8 billion one-off gain linked to selling it U.S. confectionery business to Ferrero. ($1 = 0.9908 Swiss francs) (Reporting by John Revill; editing by Brenna Hughes Neghaiwi)

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