Coca-Cola's profits rose 8% in the third quarter compared to the same time last year, amid growth in its still drinks and international businesses.
Profits rose to $2.1 billion, up from $1.9 in the third quarter of 2009. While volumes increased 2% in North America, it was the rest of the world that once again led the way.
In Eurasia and Africa, volumes grew 12% - including 30% volume growth in Russia - while volume in the Pacific grew 11% in the quarter, supported by 12% growth in China, 11% in Japan and 19% in the Philippines.
'We continue to build on our momentum, delivering solid volume, revenue and profit growth this quarter, with our results exceeding all of our long-term targets and generating sustainable value for our shareowners,' said Muhtar Kent, Coca-Cola's chief executive.
The firm added that 'total still beverage volume increased 11% in the quarter, led by continued growth in sports drinks, juices and juice drinks, teas and water brands.'
