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Coca-Cola Sales Up in Q1

Coca-Cola increased sales in Russia by 27 percent for the first quarter of 2011, the company said Tuesday.

Sales revenue excluding juice producer Nidan increased 16 percent. Sales of beverages under the Coca-Cola brand name increased 24 percent. Coca-Cola sales in Africa and Eurasia, which includes Russia, increased 8 percent. Sales revenue in monetary terms went up 7 percent.

Total sales of the company's beverage production went up 6 percent in the first quarter, while sales revenue increased 40 percent to $10.52 billion. The company's net profit came to $1.9 billion, up 18 percent year on year. Coca-Cola owns 14 bottling plants and 75 distribution centers in Russia.

(Interfax)

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