Coca-Cola first-quarter profit increases 15 pct

Coca-Cola Co said its first-quarter EPS increased 15 pct to 0.54 cents a share on net revenue that grew 17 pct to 6.1 bln usd, driven by worldwide case volume growth of 6 pct, the highest since 2002.

The world's largest beverage maker said international unit case volumes rose 9 pct, boosted by growth of 7 pct in trademark Coca-Cola.

Coca-Cola said the first-quarter earnings included a net charge primarily related to an asset write-off at its Philippines bottler, which was partially offset by gains on the sales of its stake in the Brazilian bottler and real estate in Spain.

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- Posted: 2007-04-17 09:48:11

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