GENEVA -- Swiss food and drinks giant Nestle boasted a full-year net profit of 34.23 billion Swiss francs ($35.8 billion) Thursday, inflated by the sale of its shares in eye car company Alcon ( ACL) that added 24.5 billion francs net to its balance sheet in 2010.

The company reported a net profit of 10.4 billion francs for 2009.

Excluding the extraordinary one-off gains from Alcon, Nestle posted a net profit of 8.78 billion francs from continuing operations compared with 9.26 billion francs the previous year.

The Vevey, Switzerland-based maker of Nescafe, Perrier, Jenny Craig and Haagen Dazs said its continuing operations achieved organic growth of 6%, slightly above analyst expectations. CEO Paul Bulcke said the company's target for 2011 would be 5 to 6%.

Sales reached 109.7 billion francs last year, up from 107.6 billion in 2009.

Nestle achieved almost a third of its sales -- some 34.3 billion francs -- with food and drinks in the Americas region, despite strong headwind from the weakness of the U.S. dollar compared to the franc.

The sale of its remaining 52% stake in eye care company Alcon to drug maker Novartis ( NVS) allowed Nestle to launch new products, cut its debt, buy back shares and build new factories around the world last year. Early in 2010 it bought Kraft's ( KFT) frozen pizza business.

On Thursday, Nestle announced a proposed increase in shareholder dividends of 15.6% to 1.85 francs per share.
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