• H1 net profits up 49% to US$348.1m
  • Net sales climb 14% to $1.5bn
  • Operating profits jump 45% to $543.2m
  • Q2 net profits fall 20% to $184.2m
  • Net sales up 19% to $827.5m
  • Operating profits drop 21% to $288.5m
Monster Beverage is expanding its global footprint

Monster Beverage is expanding its global footprint

Monster beverage Corp's international sales continued to fire in the second quarter of the year to propel a strong first-half performance for the energy drinks maker.

Net sales outside the US rose 33% to US$200.2m in the three months to the end of June, the company said yesterday. The jump follows a 32% increase in international sales in Q1 and pushes Monster's international sales above a quarter of total sales.

Overall, Monster's Q2 net sales were up 19% to $827.5m while first-half net sales climbed by 14% to $1.5bn.

Net profits, meanwhile, dipped 20% in Q2 but increased by 49% in H1 as payments to terminate distributor contracts and the sale of Monster's non-energy portfolio to The Coca-Cola Co disrupted the bottom line. Monster said organic net income for the second quarter, discounting the termination costs of 2016 and non-energy sale, increased 42% to $203m. 

Coca-Cola completed the purchase of a minority stake in Monster last June. Under the terms of the deal, Monster's non-energy portfolio moved to Coca-Cola while Monster acquired Coca-Cola's energy range. Coca-Cola also plugged Monster's drinks into its formidable global distribution system.

Monster CEO Rodney Sacks yesterday praised his company's link-up with Coca-Cola and said international sales were set to widen as more ties were made with Coca-Cola bottlers. This month, Monster launched its energy range Mexico with the eight Coca-Cola bottlers in the country and plans to roll out in Brazil in November, Sacks said.

To read the company's full results, click here.

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