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China Daily | Updated: 2009-02-20 08:02

Nestle revises target

Nestle SA, the world's largest food company, said revenue growth will likely be at low end of its target range this year as worsening economies make it tougher to push price increases on to consumers.

The Swiss bottler of Perrier water, which yesterday reported a 69 percent rise in 2008 profit on a gain from an asset sale, said it aims for sales excluding acquisitions, disposals and currency swings to climb "at least approaching" 25 percent.

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