Coca-Cola Co. reports improved profits

Coca-Cola Co. reports improved profits

US based world’s biggest soft-drink maker Coca-Cola Co. has posted a 10 percent rise in quarterly profit. The company seems to have gained mostly from the improved demand and sales of its PowerAde sports drink and Dasani bottled water brands.

These products are doing well in countries like China, Russia, and Turkey. However, the sales were flat mainly because of the way Coke records revenues in its Spanish business.

They have been working hard to stay ahead of the competition and launch a series of new products last year. It continues to show the results as Coke has reported first-quarter earnings of $1.1 billion, or 47 cents a share. This is up from $1 billion, or 42 cents a share, a year earlier.

Market analysts have said that Coke is managing to beat the market expectations despite showing weakness in some of the key markets for its products. And if they can grow in these markets, the revenue figures can be improved tremendously.

Coke Chairman and CEO Neville Isdell was optimistic about the future as he said that the company was on track to deliver on its long-term growth targets.