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Wednesday, February 10, 2010

Coca-Cola Q4 net up 55% on robust India, China sales

February 09, 2010 Press Trust of India

Driven by the robust sales in India and China, beverage giant Coca-Cola today reported 55 per cent growth in consolidated net profit at $1.5 billion for the fourth quarter (Q4) ended December 31, 2009.

The company had earned a consolidated net profit of $995 million in the same quarter ended on December 31, 2008, the company said in a statement.

Coca-Cola said, in the quarter, its unit case volume increased strongly in key emerging markets such as India, China, Brazil and Mexico.

Sales in India grew by over 20 per cent, whereas in China it grew by over 29 per cent in Q4, the company said.

In terms of the net operating revenue, Coca-Cola reported 5.4 per cent growth at $7.5 billion during Q4, compared to $7.1 billion in the corresponding period last year.

For the financial year ended on December 31, 2009, Coca-Cola reported a consolidated net profit of $6.8 billion, an 18 per cent growth compared to $5.8 billion in 2008.

Its operating revenue during 2009 declined by three per cent to $30.9 billion from $31.9 billion in 2008, the statement said.

"We ended this year on a high note, delivering global volume and value share gains, comparable currency neutral growth, improved productivity and increased cash flows," the company's Chairman and Chief Executive Officer Muhtar Kent said.

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