  Coca-Cola profits reach $8.6 billion in 2011 February 7, 2012 - 19:40 AMT PanARMENIAN.Net - A worldwide sales increase of 5 per cent saw U.S. giant Coca-Cola record profits of 8.6 billion dollars (6.6 billion euros) for 2011, the company reported Tuesday, February 7. However, that meant profits were 27 per cent lower than in the previous year, despite revenue rising by 33 per cent. The company blamed the drop in profit on the cost of the corporate takeover of a major beverage bottler. Expanding markets in China and India, and even Germany - which saw a 9-per-cent increase in sales in the final quarter of 2011 - were reported by the company. Turnover was 46.5 billion dollars. In pre-market trading, shares rose nearly one per cent, M&C reported quoting DPA.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
