cocacola earnings rise on higher volumes
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Coca-Cola earnings rise on higher volumes

Egypt Today, egypt today

Egypt Today, egypt today Coca-Cola earnings rise on higher volumes

Coca-Cola's net income for the 2015 fourth quarter was $1.2bn
New York - AFP

Coca-Cola announced a jump in fourth-quarter profits Tuesday on higher volumes and prices and said it would fully refranchise bottling operations in North America and China in a cost-cutting move.

Net income for the 2015 fourth quarter was $1.2 billion, up 60.6 percent compared with the year-ago period.

Revenues fell eight percent to $10 billion.

Coca-Cola's global volume grew three percent in the quarter, driven especially by gains in still products such as bottled water, juice and sports drinks. Volumes for still products jumped six percent globally, as well as in the key North American market.

Volumes in sparkling beverages grew two percent, with Coke soda gaining one percent and Coke Zero seven percent, partially offset by a five percent drop in Diet Coke volumes.

Earnings were also boosted by a 9.2 percent drop in expenses to $3.9 billion and a two percent increase in pricing; those improvements helped to offset the negative effects of the strong dollar.

For the year, Coca-Cola reported net income of $7.3 billion, up 3.6 percent from the year-ago period. Revenues dropped 3.7 percent to $44.3 billion.

Coca-Cola said it has reached agreements to sell bottler facilities accounting for more than 40 percent of its volume in the United States. It plans to refranchise the entire North American region by the end of 2017.

Coca-Cola also has entered into a preliminary agreement to refranchise its company-owned bottling operations in China to its partners China Foods Limited and Swire Beverage Holdings Limited.

"The acceleration of our global refranchising marks a step change in our efforts to refocus the Coca-Cola Company on its core business of building strong, valuable brands and leading a system of strong bottling partners," said chief executive Muhtar Kent.

Shares of Coca-Cola rose 0.5 percent to $42.75 in opening trade.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cocacola earnings rise on higher volumes cocacola earnings rise on higher volumes



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday