The Coca-Cola Company (NYSE:KO) recorded a profit during the 2nd-quarter which rose by 18% as the company grew its overseas business.
The company’s growth graph has been consistent over the year because its major gains in emerging markets such as Latin America, India and China, has coupled with steady sales in established markets.
Atlanta based Coca-Cola Co., is now relying on these regions, as business in the established markets like the U.S. and Europe are still under the pressure of tight economic woes.
Coca-Cola today reported an increase in its net income to $2.8 billion, or $1.20 per share, from $2.37 billion, or $1.02 per share, as compared to the same quarter last year. Revenue increased by 47 % to $12.74 billion on the acquisition of bottler.
Coca-Cola, having more than 500 brands like Fanta, Sprite, Dasani and Minute Maid, reported an increase in its global sales volume by 6 % and its international sales volume by 6%, whereas sales volume in North America rose by 4 %.
Due to its acquisition of bottler the revenue gain of the company in North America was the maximum. The companies revenue rose by 15 % in its Africa markets, by 10% in its European markets, by 13% in Latin America and by 21% in Asia respectively.
The company is likely to reduce its full-year earnings by 3 cents to 5 cents per share.
The Company shares rose by $2.27, more than 3%, to $69.39 in midmorning trading.
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