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The profit of Coca-Cola is increasing

The company producing soft drinks Coca-Cola announced a profit of 2.37 billion dollars for the second quarter, equating to a positive result of 1.02 dollars per share. This represents an increase of 16% annually after the same period last year it was 2.04 billion dollars. Revenues of the giant rose by 5 percent to 8.67 billion dollars, while estimates were for earnings of 8.74 billion dollars and a profit of 1.02 dollars per share, transmit Market Watch. Operating profit of Coca-Cola rose by 13 percent during the quarter and 15 percent this year. If you clear the effects of exchange rates it in the second quarter operating profit increased 11 per cent. Yesterday a report for the second quarter was submitted by a major competitor to Coca-Cola - PepsiCo. Profits came above expectations, due mainly to strong performance of foreign markets and the acquisition of part of businesses, the company's bottled products. Following the publication of the report and before the start of formal session of the New York Stock Exchange shares of Coca-Cola rose 1.4 per cent to 54 dollars cash.
The company realized good financial politic for the last months with reducing expenses and increase the profits of the company.