The Swiss food processing major, Nestle recorded a profit of 10.43 billion for 2009, moving ahead from the market expectations. The company has planned to raise the dividend and buy back shares from the market.

A year back, the company was trailing at 42% on the bottom line, thereafter the company declared a 9.2 billion gain from its sale of 25% stake in eye-care group.

The company declared its total revenue has declined by 2% to 107.62 billion, and the organic growth, excluding acquisitions and disposals and the impact of exchange-rate fluctuations, was 4.1% for the year.

Although Nestle, showed a very strong performance across the season in the second half of 2009.

Estimations are that the second-half earnings rose 16% to 1.63 francs a share, compared to the forecast of 1.46 francs a share.

Company's 2009 performance had been fair enough across all the categories and regions and promotes the ability of the company to deliver on time while continuing to invest for the long term.

2010 has expectations with food and beverages business to achieve inclined organic growth from 2009 and the margin is increasing at the constant growth.

Further Nestle is planning to raise its dividend by 14.3% and also declared that it would buy back worth 10 billion francs of shares this year.