Food giant Nestlé announced increases in earnings before tax of 12%, as well as double-digit growth for net profit and cash flow for 2006. Organic growth was also above target at 6.2%. Peter Brabeck-Letmathe, chairman and CEO, Nestle, said: "2006 was another record year for Nestlé. We are seeing the benefits of the group's transformation into a nutrition, health and wellness company, with stronger innovation and branding."
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