Coca-Cola Co.: The soft drink giant’s fourth-quarter...
From Times Staff and Wire Reports
Coca-Cola Co.: The soft drink giant’s fourth-quarter earnings more than tripled to $757 million from a year ago, reflecting a huge one-time gain from the sale of its stake in Columbia Pictures Entertainment Inc. in November. Revenue totaled $2.25 billion, up 11%. For 1989, the Atlanta firm’s profit jumped 65% to $1.72 billion on revenue of $8.97 billion, a gain of 8%. The results were also attributed to a 10% rise in sales of concentrates and syrups.
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