Latin America Helps Coca-Cola Up Q2 Net by 6.6%

20 July 2006

ATLANTA - Coca-Cola reported a 6.6% rise in second-quarter profit, fueled by the sale of shares in its Turkish bottler and better than expected volume growth in Latin America - these factors compensating for a steep downturn in Japan.

Net income increased to $1.84 billion (€1.46bn; £1.0bn) from $1.72bn a year earlier. Revenue climbed 2.6% to $6.48bn from $6.31bn.

Cooed Deutsche Bank analyst Marc Greenberg of Coke's chairman/ceo Neville Isdell: "His reliability is becoming pretty good."