Since merchants exist in the
world a misleading argument that
a merchant who earned 100
drachmas less than the previous
year, when he had earned 1,000,
has not earned 900 but lost 100
keeps being repeated. Any
similarity with the figures
released by Atlanta is not a
mere coincidence.
The net profit of the Coca
Cola Company grew 18 percent in
2009, with a total of 6,824
million US dollars. In the
meantime, the company announced
that its net income fell 3
percent in 2009 to 30,990
million US dollars, particularly
due to decreases in Europe
(down 10 percent ) and North
America. In turn, sales in
Latin America were
considered "strong".
Together with annual results,
data of the 2009 fourth quarter
were released, where the net
income of 1,540 million US
dollars meant a 55 percent
increase in comparison with the
same period the previous year
(995 million US dollars). In
relation with the operating
revenues, Coca Cola reached
7,510 million US dollars, 5.3
percent higher than 2008.
Muhtar Kent,
Chariman and CEO of Coca Cola,
stated for the press "We ended
this year on a high note"
showing "that we have the right
ingredients for growth even
under challenging economic
conditions".
Kent also stated: "Early last
year we committed to align our
Company and our system to emerge
from this global crisis
stronger". Our performance
results for the year underscore
that we are doing just that.
Now, with our 2020 Vision as our
roadmap, we look forward to
entering our next decade of
growth as we work closely
together with our bottling
partners to usher in a new era
of winning for the Coca Cola
system", he stated. But let's
not get excited, there was no
reference to how this new era of
winning will reach workers.