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Thursday 13 December 2018

Coke sees profit triple

SOFT drinks giant Coca-Cola says fourth-quarter profit more than tripled as worldwide sales increased by 6pc.

The group said the profits were aided by a one-time $5bn non-cash gain related to the acquisition of its north American bottling operations and net income advanced to $5.77bn (€4.26bn).

Coca-Cola, led by chief executive Muhtar Kent (above), now controls 90pc of its north America beverage distribution.

Net income in the fourth quarter of 2009 was $1.54bn.

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