16 Feb 2017 --- Nestlé, which makes KitKats, Nescafe and Purina pet food, have reported its figures for full year 2016. The company has said it will steepen its cost-cutting plan after unveiling disappointing results. Net profit for 2016 fell to 8.5bn Swiss francs ($8.4bn) from 9.1bn Swiss francs ($9bn) a year earlier. Analysts had expected 9.59bn Swiss francs'($8.4bn) worth of profit.
