Coca-Cola profits reach $8.6 billion in 2011February 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 | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |