Wednesday, July 27, 2016

Increased productivity makes Coca-Cola profit next quarter

Coca-Cola reported advance of 10.9% in net income for the second quarter, to $ 3.45 billion, compared with same period in 2015.
The American multinational beverage revenue totaled $ 11.54 billion from April to June, an indentation of 5% compared to the previous year.
"The strong performance in some of the largest and most developed markets, including the United States, Mexico and Japan, was overshadowed by external difficult conditions in many of our emerging and developing markets, including China and Argentina," said Muhtar Kent, President of the company, in a statement.
In addition to macroeconomic issues, Coca-Cola pointed out structural changes and negative currency effects as vectors for the indentation in the recipe.
Already the company''s profit was benefited by the increased productivity initiatives, an environment slightly favorable commodity prices, the timing of expenditure and an increase in equity, according to the company.
In addition, the manufacturer registered gains related to restructuring of its bottling business in Germany.
For 2016, coke projects a 3% increase in organic revenue.
Regionally, the company reported a fall of 4% in revenues from Latin America and 2% advance in sales in North America.
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