Coca-Cola income bubbles up 3.9%
Source: Bloomberg News |
October 17, 2012, Wednesday
|
Print Edition
Print Edition
COCA-COLA Co reported a 3.9 percent increase in third-quarter profit as sales volumes in Europe improved.
Net income rose to US$2.31 billion from US$2.22 billion a year earlier, Atlanta-based Coca-Cola said yesterday in a statement. Excluding some items, profit was 51 US cents a share, matching the average of 14 analysts' estimates compiled by Bloomberg News.
Chief Executive Officer Muhtar Kent has been adjusting prices and introducing new products to cope with weaker demand in European nations facing a debt crisis and slowing growth in China and Brazil. Sales volumes in Europe increased 1 percent, compared with a 4 percent drop in the second quarter.
Net income rose to US$2.31 billion from US$2.22 billion a year earlier, Atlanta-based Coca-Cola said yesterday in a statement. Excluding some items, profit was 51 US cents a share, matching the average of 14 analysts' estimates compiled by Bloomberg News.
Chief Executive Officer Muhtar Kent has been adjusting prices and introducing new products to cope with weaker demand in European nations facing a debt crisis and slowing growth in China and Brazil. Sales volumes in Europe increased 1 percent, compared with a 4 percent drop in the second quarter.
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