Coca-Cola reports pop in profit

Manufacturing News, Source : TheManufacturer.com
Published : 21 Jul 2005 20:39

The Coca-Cola Co. reported a 9 percent jump in second-quarter profit on solid gains in revenue, beating Wall Street expectations.

Excluding one-time items, including a favorable lawsuit settlement and tax-related benefits, the world's largest beverage maker earned $1.64 billion, or 68 cents a share. Revenue in the quarter was $6.31 billion, a 7 percent increase from the $5.91 billion recorded in the same three-month period a year ago.

Chief executive Neville Isdell said he was pleased by the results, though he stressed that the company still needs to do more, especially at home.

"We still have considerable work ahead of us in the U.S. and in markets like Germany, the Philippines and, in particular, India, as well as to improve our performance in the areas of innovation and marketing," Isdell said.

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