VEVEY, Switzerland: The world’s leading food industry group Nestle on Thursday posted a soaring net profit for 2014, boosted by the sell-off of its stake in French cosmetics group L’Oreal, even as sales slipped.
Last year, the maker of Nespresso capsules, baby food and many other products, saw its net profit jump 44.6 percent to 14.5 billion Swiss francs ($15.4 billion, 13.4 billion euros), the company said in an earnings statement.
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