The Coca-Cola Company has reported second quarter 2015 operating results with a net revenue dip of 3% to $12.2bn but net profit rose 19% to $3.1bn.
The beverage giant reported that global volume grew by of 2%, and year-to-date cash from operations rose by 14% to a record $5.1bn.
Coca-Cola has been cutting costs, reducing the size of drinks bottles and cans, and increasing advertising spending as it responds to consumers’ shift away from fizzy drinks, especially those with artificial flavours, and packaged in large volumes.
Muhtar Kent, Chairman and CEO said, 'Our second quarter results were in line with our expectations and mark continued progress toward restoring momentum in our global business.
'We are executing against our strategic initiatives and remain focused on driving efficiencies through productivity and making disciplined investment decisions to accelerate growth.
'While there is more work to do, we remain confident that we have the right plans in place and are committed to leveraging our superior brand portfolio together with our unparalleled global distribution system to continue creating long-term shareowner value.'