Coca-Cola reports strong earnings in first quarter
2011-04-27 17:53:06
The Coca-Cola company, the world's largest soft-drink maker, saw earnings growing strongly in the first quarter of 2011, the company announced Tuesday in a financial report.
The earnings per share (EPS) in the first quarter of 2011 was 0. 82 U.S. dollars, an increase of 19 percent from the same period of last year, in line with the company's long-term target, said the report.
The net revenue of Coca-Cola in the first quarter was 10.517 billion U.S. dollars, up 40 percent from the same quarter of 2010, reflecting solid growth in concentrate sales, according to the report.
Moreover, the company's worldwide volume increased by 6 percent in the first quarter, with growth in all five geographic operating groups.