AAP
February 13, 2013
COCA-COLA says its profit rose 13 per cent in the fourth quarter as the world’s biggest beverage company sold more of its beverages overseas.
The Atlanta based company said global sales volume rose three per cent, driven by international growth. In the flagship US market, it rose one per cent.
For the October-to-December period, The Coca-Cola Co earned $US1.87 billion ($A1.83 billion), or 41 cents per share. That’s compared with $1.66 billion, or 36 cents per share, in the year-ago period. Not including one-time items, the company said it earned 45 cents per share.
Revenue rose four per cent to $11.46 billion.
Analysts on average expected an adjusted profit of 44 cents per share on revenue of $11.53 billion.
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