Business

Coca-Cola profits boosted by international sales

Coca Cola delivery truck in Fremont, Nebraska
Image caption Domestic US sales also picked up

Coca-Cola has reported strong second-quarter profits, beating market expectations, thanks to rising international sales.

Total profits were $2.37bn (£1.56bn), up 16% from a year ago and narrowly above forecasts of $2.3bn.

The beverage maker's share price jumped 2.3% in the first 15 minutes of New York trading.

Revenues were up 4.8% to $8.67bn, thanks to rapid sales growth in Latin America, Africa and parts of Asia.

Among the best growth markets were Brazil, where sales volumes were up 13%, and India, up 22% since last year.

The producer of Fanta, Sprite and Vitamin Water also reported a pick-up in growth - albeit at a more sedate 2% pace - in its home market of North America.

In Europe, however, sales were down 1%.

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