Profit less fizzy

February 13, 2009, Friday |

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COCA-COLA Co, the world's largest soft-drink maker, said fourth-quarter profit fell after its largest distributor wrote down the value of its North American business.

Net income dropped to US$995 million, or 43 cents a share, from US$1.21 billion, or 52 cents, a year earlier, the Atlanta-based company said yesterday.

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Profit less fizzy

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