Monday 20 November 2017

Coca-Cola profit falls 8pc

Bottles of Coca-Cola move along a production line
Bottles of Coca-Cola move along a production line

Coca-Cola reported an 8pc fall in quarterly net earnings after a decline in volumes in Europe and the sale of its bottling operations in Brazil.

The company's net income attributable to shareholders fell to $1.62bn, or 36 cents per share, in the first quarter ended March 28 from $1.75bn, or 39 cents per share, a year earlier.

Excluding items, earnings were 44 cents per share.

Revenue fell 4pc to $10.58bn.

The company said that while global sales volumes rose 2pc in the quarter, volumes fell 4pc in Europe.

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