Coca-Cola earns 4.886 million in the first semester, 7% more

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New York, Jul 21 (EFE) .- Coca-Cola announced on Wednesday a net profit of 4.886 million dollars in the first half of the year, 7% more than the previous year, with a clear rebound in sales in the second quarter thanks to the reopening of the hotel and entertainment industry.

The US giant billed between January and June 19,149 million dollars, 22% more than in the same period of 2020, according to a statement.

Much of that increase occurred in the second quarter, when the Atlanta, Georgia-based company brought in $ 10,129 million, up 42% year-on-year.

The soda company’s sales had plummeted in 2020 with the outbreak of the pandemic and have now recovered, returning to 2019 levels.

“Our second quarter results show that our business is rebounding faster than the overall economic recovery,” Chairman and CEO James Quincey said in a note.

Coca-Cola noted that sales improved thanks to the recovery in demand as consumers have been returning to restaurants, concert halls or stadiums, with a very solid increase in North America, its largest market, but also in other regions such as Europe and Latin America.

Meanwhile, its income was affected in some countries such as India by the rebound in covid-19 cases.

With these results in hand, Coca-Cola improved its forecasts for the rest of the year and its shares rose strongly, around 2.75%, at the opening of Wall Street.

(c) EFE Agency

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