Profits down for Coca-Cola in the second quarter of 2012, by virtue of an increase in production costs which was not offset by the increase in sales. The carbonated beverage giant's net profit came in at $2,79 billion at the end of June, down slightly from $2,80 billion a year ago. In contrast, earnings per share increased to $1,21 per share from $1,20 a year ago.
EBITDA also did well, rising to 13,09 billion dollars compared to 12,74 billion in the same period of 2011. Worldwide sales, as mentioned, also grew by 4% on a quarterly basis, despite a significant drop (-4%) in Europe.
