Coca-Cola profit falls 41TP2Q to $4,686 million in first half

Coca-Cola revealed Tuesday that it reported a profit of $4,686 million in the first half of this year, down 4% from the same period last year.

The multinational's turnover, however, continued to increase in the same period to $21,816 million, up 14% year-on-year, reads the statement released by the multinational.

As for the second quarter, the Atlanta, US-based company had revenues of $11,325 million, up 12% year-on-year.

This quarter, profits fell by 221TP2Q to $2,341 million from the same period last year.

The company also pointed out that sales continued to recover in different markets, highlighting Mexico, Western Europe, and the United States, in addition to India and Brazil.

President and CEO, James Quincey, felt that the results this quarter reflected "the agility of the business, the strength of the brand portfolio, and the actions taken to foster growth in the face of the challenges posed by the operating and macroeconomic environment."

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