COCA-COLA posted higher-than-expected quarterly results yesterday after the world's largest soft drink maker sold more beverages, even in developed markets with economic worries, fuelling hopes conditions are improving.
Coca-Cola’s first-quarter net profit was $2.05bn, up from $1.9bn a year earlier.
Revenue rose six percent to $11.14bn, helped by a five per cent increase in overall volume and a three per cent increase in prices and mix of products sold.
But the firm said commodity costs will rise again this year.
City A.M. Reporter