Coca-Cola has posted a consolidated net profit of $2.04 billion in the quarter under consideration, registering an increase of 42 per cent from $1.4 billion in the corresponding quarter last year.
“In the quarter, unit case volume growth increased strongly in key emerging markets with 33 percent growth in India and 14 per cent in China,” Coca-Cola said in a statement.
Investments in key growth markets contributed to a good performance in China, Mexico, India and Brazil, it added.
“Our investments in key growth markets contributed to the good performance in China, Mexico, India and Brazil… We remain on track to achieve our $500 million target in annualised savings by 2011…,” Coca-Cola Company Chairman and CEO Muhtar Kent said about the results.
“We have also begun rolling out our 2020 Vision, the roadmap for winning together with our worldwide bottling partners,” he added.
However, in terms of the net operating revenue the company has reported a decline of 9 per cent at $8.26 billion in the second quarter as compared to $9.04 billion in the corresponding quarter last year.
Coca-Cola has posted a consolidated net profit of $2.04 billion in the quarter under consideration, registering an increase of 42 per cent from $1.4 billion in the corresponding quarter last year.