Sales fizzle out

Coca-Cola's second quarter profit fell 23percent as it takes charge related to its bottler. The beverage company earned $1,42billion (about R7billion) compared to $1,85billion in the year-ago quarter. Revenue rose 17percent to $9,05billion from $7,73billion a year earlier. Along with competitors, Coca-Cola has been suffering from lower demand for soda by US consumers. Bottler Coca-Cola Enterprises posted a second-quarter loss of $3,17billion and says it would raise prices in the US after Labour Day. - Sapa-AP

Coca-Cola's second quarter profit fell 23percent as it takes charge related to its bottler. The beverage company earned $1,42billion (about R7billion) compared to $1,85billion in the year-ago quarter. Revenue rose 17percent to $9,05billion from $7,73billion a year earlier. Along with competitors, Coca-Cola has been suffering from lower demand for soda by US consumers. Bottler Coca-Cola Enterprises posted a second-quarter loss of $3,17billion and says it would raise prices in the US after Labour Day. - Sapa-AP

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