Swiss food group Nestlé is expected to post a 10% gain in first-half net earnings, in spite of rising input prices, when it reports its results on Wednesday (15 Aug).
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A Reuters poll of analysts suggested that the company would report a net profit of CHF4.56bn (US$3.8bn) on the back of a 7% increase in turnover to CHF50.44bn.
Nestlé has said it has been able to use its strong brand name to command higher prices in-store to offset rising raw material costs.
The company has also said it plans to raise prices, discontinue unprofitable products and speed up rationalisation to bolster itself against continuing commodity and energy price rises.
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