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Coca-Cola profit falls 3% in Q2
22 Jul 2014 14:02
Coca-Cola reported that second-quarter earnings dipped, as it notched strong volume growth in Asia but flat volumes in North America, Europe and Latin America.
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Net earnings at the US beverage giant came in at $2.6 billion, down 3% from last year.
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The year-over-year drop reflected in part a Venezuelan law capping profit margins.
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"While I am pleased with our progress to date, we remain focused on the work required to return our business to the level of sustainable growth we and our share owners expect," chief executive Muhtar Kent said.
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Worldwide volumes grew 3%, with an 8% jump in Asia Pacific due to strong results in China, India and other markets.
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