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.
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 […]
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 $ […]
Agricultural company Mriya paid 192.4 million UAH of tax deductions and provided assistance to local communities of 22 million UAH. Since the affiliation under the control of creditors in February 2015, “Mriya” Agro Holding paid 192.4 million UAH of tax payments to budgets of all levels. In addition, last year the company provided social assistance […]Next
National Bank of Ukraine (NBU) classified Avant-Bank (Kyiv) as insolvent. The decision approved by the Decree №44 of January 29, 2016, presses the service of the National Bank. NBU explained the decision as the shareholders of the bank have no “clear plans for the replenishment of the bank’s liquidity and default of customers’ operations within […]Next
A few days ago between two companies was signed an agreement for $ 150 billion. It was the merger of two large companies – manufacturer of drugs and vaccines Pfizer and Allergan, which producing cosmetics and botox. The deal was struck not only to consolidate or improve its production system. The main reason for the […]Next
The American company Cargill invests $ 100 million in the construction of a grain terminal in the Ukrainian Yuzhnyi sea port (Odessa region). This was announced by the Prime Minister, Arseniy Yatsenyuk at the signing ceremony of the investment agreement, which took place on Wednesday in the Cabinet of Ministers. “It’s been 7 months, and […]Next
The “Galychyna Zahid” company concluded an agreement with the Danish IFU investment fund of attracting € 8 million to increase the production capacity. Previously, the company announced the suspension of the implementation of the project for the pig farm construction. The corresponding agreement was signed by the General Director of the Danish fund – Morten […]Next
Holding LVMH Moet Hennessy-Louis Vuitton (LVMH) reported that on Monday, September 28, filed a counterclaim against Tiffany in a Delaware court over a failed merger agreement between the two companies. The French holding and the American jewelry house agreed to merge in November 2019. The parties signed the agreement under which LVMH had to pay […]Next
The largest producer of oil Kernel increased its sales of sunflower oil for 7%, grain – felled by 6% in the II quarter of the 2016 fiscal year. Kernel, one of the largest Ukrainian agricultural groups, in the second quarter of fiscal year 2016, which began in July 2015, reduced its grain sales by 6% […]Next
The Swiss company Glusco Energy S.A. received the permission from the Antimonopoly Committee of Ukraine for the acquisition of a 50% stake in Rosneft Management Company Ltd and Fargrade Ltd. It became known from the information posted on the official website of the Ukrainian regulator. The cost of the transaction was not disclosed. Registered in […]Next
LDaily prepared the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would a good opportunity to correct it. 1. Epic with e-declarations came to an end, but not for all On October 30, 2016, at 24:00 the stage of the Ukrainian […]Next
The territory of the People’s Republic of China occupies the third place by area (after Russia and Canada, then the USA follows the PRC). However, it is in the first place in terms of population of more than 1.404 billion, leaving behind India (more than 1.377 billion) and the USA (more than 331 million). There […]Next
Group DF officially registered in 27 countries of the EU trademark “Ukraine Tomorrow”. Group DF, that is controlled by businessman Dmitry Firtash, announced the end of the official registration in the Office for Harmonization in the Internal Market (OHIM) of trademarks for goods and services “Ukraine Tomorrow” (TM), “Ukraine Morgen” and “Ukraine Tomorrow”, around which […]Next
At the pharmaceutical plant “Kusum Pharm” in Sumy by the end of 2019 the production will be doubled, which will allow to produce up to 50 new names of drugs. This will be possible thanks to the implementation of the import substitution program. This was told reporters co-founder and CEO Rajeev Gupta, during an official […]Next
The European Bank for Reconstruction and Development intends to provide the “Astarta” agro-holding a loan of $ 20 million. The money will be spent for modernization of sugar factories. This was said in the message of the bank. According to the report, the European Bank for Reconstruction and Development is considering the possibility to give […]Next
Shares of the Johnson & Johnson may slow because the last stimulus to it was the company’s transition to the final clinical trial of the vaccine against COVID-19 on September 23, after which the shares rose by more than 5%. However, as of Tuesday, before the opening of trading, the price of J&J shares did […]Next
On October 20, the Kyiv Art Gallery Tsekh hosted a presentation of the «Keep It Up!» project created by the artist and sculptor Yevgeny Petrov. The LDaily Business Edition became a media partner of this wonderful project, which highlights the theme of sport. The exhibition is currently open to the public and will be exhibited in the gallery until […]Next
Back in 2016, Apple CEO Tim Cook called augmented reality (AR) a “new big market” comparing its size to the smartphone market. According to most analysts, Apple smart glasses will be a new wearable device sold as an additional gadget to the iPhone. Apple itself does not give any details or disclose plans about its […]Next