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Coca-Cola's quarterly sales fall 8 pct hit by strong dollar

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Reuters
Last Updated : Feb 09 2016 | 6:03 PM IST

(Reuters) - Coca-Cola Co reported an 8 percent fall in quarterly net revenue, as a strong dollar once again reduced the value of sales from outside the United States.

The net income attributable to shareholders rose to $1.24 billion, or 28 cents per share, in the fourth quarter ended Dec. 31, from $770 million, or 17 cents per share, a year earlier.

Net operating revenue fell to $10 billion from $10.87 billion.

(Reporting by Sruthi Ramakrishnan and Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila)

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First Published: Feb 09 2016 | 5:53 PM IST

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