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Nestlé S.A. improved trading profit margin in first half of 1999.
Nestlé S.A has reached an agreement with the Totole Group, the market leader in chicken bouillon in China, to acquire 80 percent of the share capital of Shanghai Totole Flavouring Food Co. Ltd., and Xi'an Totole Flavouring Food Co. Ltd.
Nestlé Group accelerated growth during the first half of 1999.
Nestlé accelerated growth after a slow start and will release Group sales figures for the first quarter of 1999.
In 1988 Nestlé sustained growth in a difficult economic environment.