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Nestle SA

Nestle sales grow in North America, slow in China

Swiss food and beverage giant Nestle says first-half profit dipped due to a one-time tax expense even as revenues edged up behind growth in its key North American food business and despite a slowdown in the Chinese market.

The maker of Kit Kat chocolate bars, Lean Cuisine meals, Maggi noodles and Gerber baby foods said Thursday that its net income was 4.10 billion Swiss francs ($4.27 billion), down from 4.52 billion francs a year earlier, due to a 400-million franc deferred tax adjustment.

Sales rose under 1 percent to 43.16 billion francs.

Food companies like Nestle, which is based in Vevey, Switzerland, have sought to burnish their reputations on health and...

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