ATLANTA - A tax charge for repatriation of earnings hit Coca-Cola's fourth quarter profits, driving them down by 28% to $864 million (€723.9m; £496.41m) from $1.2 billion in the same period in 2004.
Chairman/ceo Neville Isdell claimed the company had arrested its 2004 decline. Overall for 2005, it had maintained market share in the world-wide non-alcoholic-beverage sector.
"We have arrested the decline, and are making progress," Isdell told analysts and investors. "This business is now starting to believe it can win again."