The net profit of the American Coca-Cola Co (N: KO), the largest producer of soft drinks in the world, in the fourth quarter of 2015 increased by 60%, or by 1.6 times and amounted to $ 1.23 billion, or 28 cents per share, compared with $ 771 million, or 17 cents per share obtained in the same period in 2014.
Earnings excluding one-off items amounted to 38 cents per share, according to the company press release.
The revenue fell 7% to $ 10 billion from $ 10.8 billion the previous year.
The Analysts surveyed by FactSet on average estimated adjusted earnings of the Company of 37 cents per share on revenue of $ 9.9 billion.
The volume of Coca-Cola sales in volume terms increased during the quarter by 3%, according to the statements. Including in Eurasia and Africa this index rose 2%, similar to the growth recorded in Latin America. In Europe and North America, sales grew by 3%, and in the Asia-Pacific region it rose 5%.
The company's net profit increased by 4% in 2015, to $ 7.35 billion, and revenue declined by 4% to $ 44.29 billion.
The Coca-Cola heads expect 2016 revenues to increase by 4-5%, and adjusted earnings per share - by 4-6%.
Coca-Cola plans to buy back its own shares in the amount of $ 2-2.5 billion this year.
Quotes of Coca-Cola shares little changed in the course of pre-trading on Tuesday. The capitalization of the company over the past 12 months rose 3.4%.
Also, Coca-Cola Co (N: KO) reported on Tuesday about a drop in net earnings for the quarter as the volume of sales outside the United States in terms of money fell again under the influence of the stronger dollar.