CAIRO: Coca-cola, American beverages giant, has posted a surge in its profits of 1st Quarter of 2012, as sales in emerging markets like India, China and Brazil gave earnings a solid boost in the first quarter, the company reported Tuesday. A press release showed that Net income for the quarter to March 30 was up by 8 percent to $2.07 billion from $1.92 billion in the year-earlier quarter. “Packaged water volume grew 15 by percent in the quarter, with strong growth across all geographic operating groups as we continue to focus on innovative and sustainable packaging and immediate consumption occasions.” the report stated. Volume growth was a hot 20 percent in emerging market India and 9 percent in China, while in mature markets it was steady at 2 percent in North America and 3 percent in both Germany and Japan. “Our first quarter results underscore The Coca-Cola Company's resilience and a long-term focus on quality growth in every region of the world,” chief executive Muhtar Kent said in a statement. It should be mentioned that Coca Cola's total sales grew six percent to reach $11.13 billion in the latest quarter, from $10.15 billion, in the past year.
