Nestle profit jumps 24% on sale of skin health operations Feb 14, 2020 0 119 12345 The sale of Nestle’s skin medicine branch brought a windfall for the Swiss food giant last year, which reported on Thursday that its net profit increased 24.4 percent to 12.6 billion Swiss francs (12.9 million dollars). The 10.2-billion-franc handover of Nestle Skin Health to Swedish, Canadian and Abu Dhabi investors was part of Nestle’s ongoing efforts to focus on more promising products in its core food and beverage business. Revenues increased by 1.2 percent to 92.6 billion francs year-on-year. However, the company’s sales growth, which excludes foreign exchange effects and the sale of subsidiaries, stood at 3.5 percent, the highest rate since 2015. (afp) Pages 123 RELATED ARTICLES Qatar insurance sector may record 5% GWP growth in 2020: S&P Feb 14, 2020 0 922 $3.9 billion fines cause turbulence for Airbus results Feb 14, 2020 0 337 Ooredoo net profit jumps 10% to QR1.7 bn Feb 14, 2020 0 646 Alibaba earnings surge 58% on ‘Single’s Day’ boost Chinese e-commerce leader Alibaba said on Thursday that net profit increased 58 percent in the latest quarter, citing another record “Single’s Day” sales promotion in November and growth in cloud computing. Net profit ..