Coca-Cola I?ecek Anonim Sirketi Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 03, 2021 at 12:45 pm EDT
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Coca-Cola I?ecek Anonim Sirketi reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TRY 6,794.1 million compared to TRY 4,972.56 million a year ago. Net income was TRY 915.76 million compared to TRY 834.94 million a year ago. Basic earnings per share from continuing operations was TRY 3.6 compared to TRY 3.282 a year ago. Basic earnings per share was TRY 3.6 compared to TRY 3.282 a year ago.
For the nine months, sales was TRY 16,365.08 million compared to TRY 11,206.89 million a year ago. Net income was TRY 2,040.11 million compared to TRY 1,316.65 million a year ago. Basic earnings per share from continuing operations was TRY 8.02 compared to TRY 5.194 a year ago. Basic earnings per share was TRY 8.02 compared to TRY 5.176 a year ago.
Coca-Cola Icecek AS (CCI) is a Turkey-based company engaged in the bottling and distribution of alcohol-free beverages in Turkey, Pakistan, Central Asia and the Middle East. The Company bottles and distributes a number of The Coca-Cola Company brands of soft drinks and beverages, including Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade, Burn and Gladiator. Also under the agreement signed with Schweppes Holdings Limited, the Company has the exclusive right in Turkey, Kazakhstan and Jordan to sell and distribute beverages under the Schweppes trademark. CCI operates production facilities in different regions of Turkey as well as abroad. CCI also holds interest in Turkmenistan Coca-Cola Bottlers Ltd., CC Beverage Limited, the Coca-Cola Beverages Pakistan Ltd. and Azerbaijan Coca-Cola Bottlers Limited in Azerbaijan, among other.