Profit Coca-Cola declined by a third

Прибыль Coca-Cola сократилась на треть

The company is losing money

For 9 months, the company earned 4 billion dollars.

The net profit of world’s largest manufacturer of soft drinks Coca-Cola, for the first nine months declined by 33% yoy and amounted to 4 billion dollars. This was reported in the financial statements of the company, reports Prime.

As noted, net diluted earnings per share amounted to 0.92 against the dollar is 1.37 dollar a year earlier. Operating revenue of Coca-Cola in annual terms decreased by 14%, to 27.9 billion dollars.

In the third quarter net profit of Coca-Cola increased by 38% compared to the same period of 2016 to 1.45 billion dollars. Per share diluted earnings amounted to 0,33 0,24 dollar and the dollar a year earlier. Operating revenues decreased yoy by 15% to 9.08 billion dollars. However, the indicator has exceeded forecasts of experts which expected level of 8.73 billion.

We will remind, the net profit of a network of restaurants of fast food McDonald’s for 9 months of current year grew by 29% compared to the same period last year – up to 4,494 billion dollars.