Coffee helps Nestle to record 7.4-bln-dollar profit
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Global food giant Nestle on Thursday reported a rise in 2006 net profits to more than seven billion dollars and said prospects for the year ahead looked good as it moves further into the health and wellbeing markets.
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Australia&#39;s biggest supplier of fresh milk, National Foods, has posted a net profit of $68.7 million, an increase of 14 per cent on last financial year.
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Starbucks Corp. , the world's largest coffee shop chain, on Wednesday said quarterly earnings rose 18 percent as the number of stores grew and established outlets attracted more customers.
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Nestle confirmed its 2004 guidance on Tuesday, defying profit warnings from rivals Unilever and Colgate-Palmolive which had cast doubt over the consumers goods industry&#39;s outlook.
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Net profit at Roche Holding  AG  rose 34 percent to 9.17 billion Swiss francs ($7.33  billion) in 2006 due to strong sales of cancer treatments  Herceptin and Avastin, just ahead of analysts' expectations.
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The household appliance maker said its second-quarter profit rose 77 percent as strong international growth offset weak industry demand and higher material prices.
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Starbucks Corp. on Wednesday  reported a 31 percent increase in quarterly net income and  raised its earnings forecast for the year on strong sales of  holiday products like Christmas Blend coffee beans.
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Nestle SA, the world's biggest food and drink company, reported at 14 percent increase in 2006 profit Thursday after it increased prices and restructured some parts of the business as it seeks to focus on health and nutrition.
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Nestle confirmed its 2004 guidance on Tuesday, a day after competitors Unilever and Colgate-Palmolive cast doubts over the consumer goods industry&#39;s outlook by issuing profit warnings.
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Anglo-Dutch oil group Royal Dutch Shell has posted record annual net profit Thursday of 25.44 billion dollars (19.54 billion euros), but output faltered owing to production problems in Nigeria.
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The company said it earned $52 million in the fourth quarter on strong U.S. and international sales. Its shares climbed more than 7 percent in morning trading.
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McDonaldâs reported a fourth-quarter profit of $1.27 billion on Monday, but warned that sales at restaurants open at least a year were flat last month.
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Nestle, the world&#39;s biggest food and drink company, on Wednesday posted a first-half net profit of 2.84 billion Swiss francs ($2.28 billion), up 0.02 percent on the year-earlier figure of 2.78 billion francs (then $2.03 billion).
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Starbucks Corp. SBUX.O on  Wednesday reported higher quarterly net income and raised its  earnings forecast for the year on strong sales of holiday  products like Christmas Blend coffee beans.
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A resurgence in sales helped push the brewerâs profit to $214 million in the fourth quarter.
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Starbucks Corp.  on Wednesday reported a 31 percent increase in quarterly net  income and raised its earnings forecast for the year on strong sales of holiday products like Christmas Blend coffee beans.
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BASEL, Switzerland  - Net profit at Roche Holding AG  rose 34 percent to 9.17 billion Swiss francs ($7.33 billion) in 2006 due to strong sales of cancer treatments Herceptin and Avastin, just ahead of analysts' expectations.