SK Net Service Company Ltd:The net profit of Beverage giant Coca-Cola in second quarter fell 23 percent year-on-yea
Some analysts said that Coca-Cola eyes on the investment should be sold to explore the area, and also proposed to buy the Coca-Cola stock.
(SK Net Service Company Ltd)
This article is provided by SK Net Service Company Ltd
Concerned that because of oil prices and rising food prices led to global inflation, reduce the large number of people in the soft drinks and bottled water consumption. But Coca-Cola Company said that the company’s products in China, Latin America and Eastern Europe sales increased steadily. Benefited from the international market 5% sales growth in the second quarter of the company in the world to me to calculate the actual unit sales increased 3 percent, while sales in North America will continue to remain stable. The company also said that before the end of 2011, the company will improve the productivity of the annual savings from 400 million to 500 million U.S. dollars.
Coca-Cola to report earnings report also caused the market to another beverage giant PepsiCo performance concerns. Analysts expect the Standard & Poor’s 500 stock price index for consumer goods fell 6 percent of the cases, the company’s second quarter earnings per share will be about 96 cents.
Yesterday, the world’s largest soft drink maker Coca-Cola announced its second-quarter results, due to soft drinks and bottled water led to the decline in sales of its largest bottling plants to reduce the value of assets, second quarter net profit fell 23 percent.
It is learnt that the Coca-Cola Company’s second quarter net profit from last year’s 1.85 billion U.S. dollars fell to 1.42 billion U.S. dollars, earnings per share from 80 cents to 61 cents a share. But the second quarter of the total operating income increased 17 percent to 9.05 billion U.S. dollars. Remove the 40 cents a share in impairment charges, earnings per share reached 1.01 U.S. dollars, higher than analysts expected 96 cents per share.
Coca-Cola shares rose after the announcement of its results. U.S. stocks set in the Thursday before the trading session or once reached 1.6 percent, rose 46 cents to 52.75 U.S. dollars
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