![Takealot sells fashion retailer Superbalist to private equity consortium](https://biz-file.com/c/2409/749826-64x64.jpg?5)
Subscribe & Follow
Jobs
- Vinyl Cutter and Laminator Goodwood
- Driver Johannesburg
- Junior Graphic Designer Cape Town
- Branch Manager/New Business Developer - Paper Bags and Food Packaging Cape Town
- General Accounts Clerk Vaal
- QC Learnership Vereeniging
- Senior Bookkeeper Irene
- DIE Cutting Operator Durban
- Electronic Workshop Technician Vereeniging
- Senior Bookkeeper Centurion
Earning's not going right with Coke
![Earning's not going right with Coke](https://biz-file.com/c/1304/130181.jpg)
Coke's net income for the quarter to March fell 14.8% to a lower-than-expected US$1.75bn, compared with $2.05bn a year earlier.
Operating revenues were down by 1% to $11.04bn, while operating income fell 4% to $2.41bn.
Earnings per share fell six cents to 39 cents.
Coke said operating income in the crucial North American region fell 24%, mainly because of investments in the productivity and reinvestment programmes that are underway.
Sales in Latin American grew 4%, to a level surpassing Europe, where sales edged lower amid the prevailing recessionary conditions.
Sales in the Eurasia and Africa division jumped 9%, mainly due to the company's acquisition of Saudi Arabia bottler Aujan.
The company "once again delivered solid growth against the backdrop of a still uncertain global economy," said Coke chairman and chief executive Muhtar Kent in a statement.
"Guided by our 2020 Vision we enter 2013 - the fourth year of our journey to 2020 - on track to reach our goals," Kent claimed.
The company announced a major effort to better carve up its territories with five major US bottlers bottling Coke's beverages: Coca-Cola Bottling Company Consolidated; Coca-Cola Bottling Company United; Swire Coca-Cola USA, Coca-Cola Bottling Company High Country and Corinth Coca-Cola Bottling Works.
The effort "might include an outright territory sale, a territory swap, or a sub-bottling arrangement, under which the bottler would make ongoing payments in exchange for exclusive territory rights," Coke said.
The effort is aimed at "allowing each bottler to better service local customers and provide more efficient execution of our strategies," Coke added.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
![](https://biz-file.com/b/1206/36520.gif?3)
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za![](https://cdn.bizcommunity.com/f/2408/Loeries-Tote-bag-competition.gif)
![](/res/img/s.gif)