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Coca-Cola Profits Jump On Sales To China And Russia   
 
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20-Jul-2011  
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Coca-Cola
 
 
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The bottle maker and drinks giant Coca-Cola reported an 18% rise in profits to $2.8bn (1.73bn) in the second quarter compared with last year.

The increase was fuelled by sales to Asia and Europe, with Chinese demand up 24%.

Despite higher worldwide sales, the company saw no quarterly growth in North America.

Coca-Cola plans to raise prices on its range of drinks, which include Fanta and Sprite, to reflect higher costs.

The price, said the company, would go up by between 3-4%.

The results were "well ahead" of the company's long-term growth targets according to its Chairman and Chief Executive, Muhtar Kent.
 
 
Source: BBC
 
 

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