Overseas Sales Help Coca-Cola Q1 Profits Rise

International operations have helped Coca-Cola post a 20% increase in its first-quarter profits of $1.61bn compared to $1.35bn a year earlier.

Global sales by volume rose 3%, led by Eurasia and Africa, where volumes were up 11%.

India’s case unit volume grew 29% while Turkey’s grew 18%.

The company’s revenue for the quarter ended 2 April rose 5% to $7.53bn.

Its reported operating income increased 17% in the quarter, and comparable currency neutral operating income grew 9%.

Coca-Cola said it is on track to achieve goal of $500m in annualised savings by end 2011.