Thursday, October 26, 2017

Cost reduction of Coca-Cola boosts profit in Q3

Coca-Cola announced this Wednesday (25), quarterly results better than expected, due to a reduction of costs that allowed him to make up for falling sales of its famous drinks.
Net profit rose 38.3 percent, to 1.45 billion dollars in the third quarter, ended in September.
This translates into an adjusted earnings per share of 50 cents, against the expected average of 49 by the financial markets.
In a year, the company managed to reduce operating costs at 20%.
Revenue, however, fell 14.6 percent, to 9.1 billion dollars, due to lower sales volumes and the transfer of franchises of bottling operations.
In North America, which records the best recipes of the company, the sales volume of soft drinks has stagnated, while the light had high teas and coffees, and the arm of water and sports drinks also fell slightly.
The Group faces less interest in their products sweetened and tries to diversify your color chart with drinks like teas, fruit juices and water.
On Wall Street, your action rose 0.15%, to $46.25, at 12:05 GMT (10:05) in the negotiations before the opening of the market.
AFP – 25/10/2017
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