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Global giant`s profit declined

22.10.2020,17:54


October 22, Fineko/abc.az. For Jan–Sept 2020 the net profit of Coca-Cola, the world's largest producer of soft drinks, decreased by 9% in annual terms and amounted to $6.29 bn.

ABC.AZ reports that this is stated in the company's report.

It was noted that diluted earnings per share were $1.46, compared to $1.6 a year ago. Coca-Cola's revenue was down 13% from a year ago to $24.403 bn. Coca-Cola's net profit at the end of Q3 of this year decreased by 33% (versus the 2019 same term) to $1.737 bn. Diluted earnings per share fell from last year's $0.6 to $0.4. The company's annual revenue fell 9% to $8.652 bn. This figure exceeded experts' expectations ($8.36 bn).