The company said its net income rose 20% versus the same quarter a year ago, as sales in traditional markets in Europe and the United States continued to languish.
Trade volumes were up 3% across the globe as the US market fell back 2% and developing markets continued to grow.
"The strong brand Coca-Cola growth came from a diversity of global markets, including double-digit growth in India, Vietnam, the Philippines, Brazil, Russia and Egypt," the firm said in a statement.
Sales volumes increased 29% in India and 12% in Brazil, the Atlanta-based company said.
"Despite expected ongoing challenges in global economic conditions, we continue to invest in our business and build the health of our brands," said chief executive Muhtar Kent.
"I am once again pleased with the results of the quarter."
The company, which has more than 500 sparkling and still beverage brands, posted a $6.82-billion profit in 2009, a rise of 18% from the previous year.
Source: AFP
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
Joe Public 1 day
