Coca-Cola Announces Net Profit of TL 1.2 Billion in the 2nd Quarter

American Company The Coca-Cola Company announced that they recorded a net profit of 1 billion 233 million TL in the 2nd quarter of the year, a figure in line with market expectations. The company's profitability in the first six months reached 1 billion 863 million TL, an increase of 65.7 percent compared to last year.

Coca-Cola Drinks published its balance sheet for the second quarter of 2022 on the Public Disclosure Platform (KAP). Coca-Cola Drinks announced that they recorded a net profit of 1 billion 233 million TL in the second quarter of the year, in line with market expectations. The Coca-Cola Company showed that it maintained its operational profitability despite facing higher interest expense and tax rate in the second quarter compared to the same period last year. Thus, net profit increased by 71 percent compared to the second quarter of last year. The big company's profitability in the first half of the year reached TL 1 billion 863 million, up 65.7 percent year-on-year. Coca-Cola's revenue growth was driven by revenues from international operations and the related exchange rate effect. In addition to the rise in sales revenues, the company's consolidated unit-based sales volume increased by 25.1 percent in the second quarter compared to last year.