Coca-Cola profit back up 14%

The company suffered a 14% drop in quarterly profit. According to Coca-Cola, the profit closed on September 26 was $ 2.1 billion, or $ 0.48 per share, down from $ 2.4 billion, or $ 0.54 per share, from the same period last year. The result has helped the company to announce the expansion of cost-cutting initiatives in the face of declining volumes of beverages sold in North America. Revenue for the quarter was $ 11,97 billion.