Daily Archives: July 27, 2016

Coke Q2 profit rise 11% on lower revenue, amid currency headwinds

Coca-Cola said on Wednesday that second quarter net income rose 11% to$3.45bn, from $3.11bn earned in the same period in 2015.

The Atlanta-based soft drinks maker said that net income included non-cash gains from the deconsolidation of its German bottling operations, partially offset by charges from restructuring and re-franchising of its North American territories.

Consumer confidence to worsen in H2, says analysts

Consumers in Nigeria will further feel the strain of a weakened economy in the second-half of the year as reduced purchasing power, coupled with the high cost of petrol and an anticipated increase in interest rate bites, according to analyst.