Coca-Cola’s net profit for 9 months decreased by 9%

News

Coca-Cola’s net profit for 9 months decreased by 9%

26.10.2020 News

The net profit of the world’s largest producer of soft drinks Coca-Cola, which falls on the company’s shareholders, in the first nine months of the year decreased by 9% year on year and amounted to 6.291 billion dollars, according to company reports.

Adjusted earnings per share were $ 1.46 against $ 1.6 a year earlier. Coca-Cola’s annual revenue fell from 13% to $ 24.403 billion.

In the third quarter, Coca-Cola’s net profit decreased by 33% compared to the same period in 2019 – to $ 1.737 billion. In terms of per share diluted earnings amounted to 0.4 dollars against 0.6 dollars a year earlier. Revenue fell 9% year-on-year to $ 8.652 billion. The figure exceeded the forecasts of experts who were waiting for it at $ 8.36 billion.

Other articles

  • The History of Coca-Cola brings the absolute value of its shares for long-term investors
    News

    The History of Coca-Cola brings the absolute value of its shares for long-term investors

    The price of shares of Coca-Cola today is 13.6% lower than at the beginning of 2020, and the profit with revenues of the second quarter fell by a third due to lower sales in restaurants and entertainments in the conditions of a pandemic. At the same time, shares of Coca-Cola are considered to be a […]

  • Buffett’s company increased a quarterly net profit to 87%
    News

    Buffett’s company increased a quarterly net profit to 87%

    The investment company of billionaire Warren Buffett’s Berkshire Hathaway in the II quarter 2020 net income increased due to higher cost of investment after the rise of stock markets and the collapse in the first quarter due to coronavirus pandemic. During the reporting period the company received $ 26.3 billion in net profit to $ […]

Read also

Coca-Cola’s net profit for 9 months decreased by 9%
News

The head of Pfizer did not get to Israel because he was not vaccinated against the coronavirus

Pfizer CEO Albert Burla has postponed a visit to Israel because he has not yet been fully vaccinated against COVID-19. Burla himself and members of the delegation have not yet received a second dose of the vaccine. The Pfizer spokesman stressed that they are still interested in visiting Israel. Now the visit can be postponed […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

MEDT told how to attract $ 5 billion in investments

Ukraine plans to attract $ 5 billion in investments this year. Deputy Minister of Economic Development Iryna Novikova stated this at the Ukraine 30 business forum. The Ministry of Economy believes that this amount of investment will be able to attract thanks to concessions, support for large investment projects and industrial parks. Thus, Novikova noted […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

Apple may launch its subscription service package «Apple One» in October with the iPhone 12

Many analysts have been predicting for about a year that Apple will merge and sell its services in packages, and today the news agency Bloomberg, citing anonymous sources, said it would happen in October, at the same time as the release of the new iPhone 12. Apple shares have responded to rumors of growth, although […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

Visa and BioConnect to create a new application soon

Visa in conjunction with BioConnect will promise to provide a new service which will give an opportunity to their clients to undergo the procedure of biometric authentication, using the application on their phone in the nearest future. According to developers of the program, such innovation is a fine alternative to passwords use. In addition, the […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

Prometey invests in the reconstruction of the elevators

The Prometey agribusiness holding company reconstructs the elevators and transport infrastructure around them. The Prometey company  continues to follow the strategy of renovation and modernization of material-technical base at the expense of profit’s reinvestment. It is reported by the press service of the company. According to the message, in the 3rd  quarter of this year, […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

The EU will allocate 1.6 million for improve the air legislation of Ukraine

National Aviation Service will implement a project – Twinning, which provides technical and financial assistance of the EU, with the aim to bring Ukrainian aviation standards to the European ones. This was told by Alexander Bilchuk, chairman of the State Aviation Service of Ukraine. “The signing of the working agreement between the State Aviation Service and […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

Svarog West Group directs $ 3.5 million for innovative projects

“Svarog West Group” will direct $ 3.5 million for innovative projects in 2016. That was said by the chairman of the Corporation Andrey Gordiychuk in an interview to the AgroPolit.com. According to him, the investment “appetite” of the company significantly decreased in 2016. “But this does not apply to investments in research and development: ours are IT-solutions, […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

Became known the consequences of restructuring in Google

This week the report of the Alphabet associated company of Google for the fourth quarter 2015 is eagerly awaited  in Wall Street. The company for the first time reports on the results separately from the rest of their enterprises. In October, Google conducted a massive restructuring process and has become a part of Alphabet holding […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

The largest US oil company suffered losses for the first time in 40 years

For the first time in 40 years, the American oil company ExxonMobil suffered an annual loss of $ 22.4 billion. Last year the company’s revenue fell by 30.7% to $ 46.5 billion. The agency notes that the company suffered billions in losses due to the coronavirus pandemic and falling demand for oil, as well as […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

In Italy, Google was fined 102 million euros

The Italian Antimonopoly Service has fined the American corporation Google more than 102 million euros for abusing its dominant position in the market. “The Italian Antimonopoly Service has fined Alphabet Inc., Google LLC and Google Italy S.r.l. more than 100 million euros (102,084,433.91) for violating Article 102 of the Treaty on the Functioning of the […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

The Ministry of Agrarian Policy and Food of Ukraine required to stop the production of wines by the nameless company under the trade mark “Massandra”

The “Global Kamianka Vine” company ceased the production of wines under the TM “Massandra” according to the request of the Ministry of Agrarian Policy and Food of Ukraine. This is stated in the message of the Ministry of Agrarian Policy and Food of Ukraine. Before holding a competitive tender for procurement of rights for using […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

State Fiscal Service of Ukraine blocks the plant work

According to Interfax-Ukraine, State fiscal service members have blocked work of Delta Wilmar CIS entity in Odessa region.Representatives of tax police have blocked entrances on Delta Wilmar CIS LLC which is one of the largest producers of fat-and-oil products in Ukraine. Aleksandr Podprugin, the deputy director of Delta Wilmar CIS LLC, confirmed that tax specialists […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

“Prometheus” reinvested more than $ 3 million profit in the upgrade of elevators

Since July 2015 a group of companies “Prometheus” reinvested 40% of the profits in the upgrade of material and technical base, according to a company press release. Mainly investments were aimed at expanding the network of elevator capacities, upgrade of grain storage, modernization of equipment and improvement of the quality of processes, replenishment of the […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

Oracle is negotiating about buying TikTok

Newspaper Financial Times found that IT-Oracle Corporation wants to buy Chinese video service TikTok. About this edition with reference to sources wrote on August 18. Official information about negotiations in ByteDance (it owns TikTok), nor Oracle did not comment. According to sources of FT, the company also is negotiating with investors who own shares in […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

Amazon announced the launch of Amazon Payment One by scanning the palm

On Tuesday, Amazon announced another innovation – Amazon One technology, which will be tested for the first time in two Amazon Go stores in Seattle. The company has established in their new turnstiles which will be the quicker alternative to make the purchases. The format of the Amazon Go stores is designed so that customers […]

Next
Coca-Cola’s net profit for 9 months decreased by 9%
News

The Billionaire Bill Ackman sold 5 million shares of Valeant Pharmaceuticals to cover tax losses

Bill Ackman, the owner of the Pershing Square Capital Management investment firm recently announced that he sold 5 million shares in a major pharmaceutical company Valeant Pharmaceuticals. Thus,  his part fell from 9.9% to 8.5%. In an official statement, which was provided by the USA regulatory authorities stated that the sale aims to cover tax […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com