Nestle reports 69 pct rise in 2008 profit (AP)

Nestle Chief Executive Paul Bulcke speaks during a press conference of the food and drinks giant Nestle in Vevey, Switzerland, Thursday Feb. 19, 2009. Swiss food and drinks giant Nestle SA reported Thursday a 69 percent increase in full-year net profit thanks to a windfall from the sale of a stake in eyecare company Alcon. (AP Photo/Keystone, Dominic Favre)AP – Swiss food and drinks company Nestle SA on Thursday reported a 69 percent increase in full-year net profit thanks largely to the sale of a stake in eyecare company Alcon, and said it aimed to grow sales with low-cost products like bouillon cubes and instant coffee during the global downturn.

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