The Coca-Cola Co has reported an increase in fourth quarter profits, boosted by volume sales in international markets such as India and China.
Coca-Cola today (9 February) reported a net income for the three months to the end of December of $1.5bn, or 66 cents a share, up from $995m, or 43 cents a share, in the previous year.
Net revenue rose 5% to reach $7.51bn for the three months ended 31 December. The figure was impacted by six fewer selling days, which offset the impact of five additional selling days in first quarter 2009 results.
Fourth quarter operating income amounted to $1.78bn, an increase of 4% on the prior year.
Unit case volume increased 5% for the quarter, successfully cycling 4% growth in the prior year quarter. For the full-year, unit case volume increased 3%, in line with the firm’s long-term volume target.
Fourth-quarter volume rose 7% in Latin America, 11% in the Pacific region, 1% in Europe and 5% in the company’s Eurasia and Africa divisions.
Volumes fell by 1% in the North American market, after losing 4% in the third quarter and 1% in the second quarter.
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