News Americas, ATLANTA, GA, Weds. July 20, 2011: A growing sea of health conscious U.S. consumers are shunning sugary sodas and drinks but in Latin America, one soda giant is seeing its profits zoom.
Coca Cola, the world’s largest soft-drink maker, said Tuesday that its second-quarter profit rose 18 percent in Latin America.
Second-quarter net operating revenue climbed 13 percent in Latin America on the heels of Chief Executive Officer Muhtar Kent’s building of new plants in emerging markets.
Overall, net income for the company advanced to $2.8 billion, or $1.20 a share, from $2.37 billion, or $1.02, a year earlier, the Atlanta-based company said in a statement.
