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Nestle having “challenging” 2012

The world’s biggest food group Nestle has reported rising sales but says it is having a "challenging year".

The Swiss company said its sales in the first three months of 2012 were CHF21.4 billion (USD23.4b), up 5.6 percent from the same period last year.

The group behind KitKat and Nespresso said that the trading environment had been subdued in many developed markets.

(Source: BBC News )